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New
Delhi, the 14th October,
2004
G.S.R.678(E).-
In exercise of the powers conferred by sub-section (2) of section 9A of
the Mines and Minerals (Development and Regulation) Act, 1957 (67 of
1957), the Central Government hereby makes with immediate effect, the
following amendments to the Third Schedule to the said Act,
namely :-
In
the Mines and Minerals (Development and Regulation) Act, 1957, for the
Third Schedule, the following Schedule shall be substituted, namely :-
“THE
THIRD SCHEDULE
(See section 9A)
RATES OF DEAD RENT
(APPLICABLE
FOR ALL STATES AND UNION TERRITORIES EXCEPT THE STATE OF WEST BENGAL)
1.
Rate of dead rent applicable
to the leases granted
for low value
minerals are as under:
Rates of Dead Rent in
Rupees per Hectare Per annum
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First
two years of lease
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3rd
year onwards
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100/-
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400/-
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2.
Two times the rate specified under (1) above in case of
lease granted for medium value mineral(s).
3.
Three times the rates specified under (1) above in case of lease
granted for high value
mineral(s).
4. Four times the rates
specified under (1) above in
case of lease granted for precious metals
and stones.
Note: 1. For the purpose of this
notification,-
(a) "precious
metals and stones" means
gold, silver, diamond, ruby, sapphire
and emerald, alexandrite and opal;+
(b).
"high value minerals" means semi-precious stones
(agate, gem garnet),
corundum, copper, lead, zinc, asbestos (chrysotile variety) and mica;
(c).
”medium value minerals" means chromite, manganese ore,
kyanite, sillimanite, vermiculite,
magnesite, wollastonite,
perlite, diaspore, apatite, rock phosphate, fluorite
(fluorspar) and barytes ;
(d)
" low
value minerals" means
minerals other than precious metals and stones, high value minerals and medium
value minerals;
2.
The rates of dead rent for the State of West Bengal shall remain
the same as specified in the notification of the Government of India in
the Ministry of Steel and Mines (Department of Mines) No. G.S.R. 458(E),
dated the 5th May, 1987.”.
(F. No. 3/1/2002-MVI)
(PRASHANT
MEHTA)
JOINT
SECRETARY TO THE GOVT. OF INDIA.
Note
: The Third Schedule to the Mines and Minerals (Development
and Regulation) Act, 1957 was amended earlier, vide notification numbers:-
1.
GSR No. 458(E), dated 5th May, 1987.
2.
GSR No. 856(E), dated 14th October, 1987.
3.
GSR No. 214(E), dated 11th April, 1997.
4.
GSR No. 714(E) , dated 12th September,2000.
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