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Department of Mines and Geology

Mineral Resources of Karnataka Our State is fairly well endowed with a wide variety of minerals. It is the major producer of primary gold metal in the country. Its resources of a few other valuable metals like iron, manganese and chromium are considerable. Non-ferrous metals such as aluminum, copper, lead and zinc, although not abundant, can ...

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Department of Mines and Geology

Geology of Karnataka Karnataka state with a vast geographical area of 1,91,791 sq.km is diverse in its geological formations and is rich in mineral wealth embedded in them. The volcanic limestones summits of Yana in Uttara Kannada district; Peninsular Gneissic Complex rock at Lalbagh, Bengaluru; Closepet granite massifs spanning approximately ...

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Royalty – Cess and Other Govt. Dues

The rates of royalty of minor minerals in the above notification are given in Rupees per cubic meter. But in practice we calculate royalty in cubic feet (cft). The multiplier for conversion of cubic meter to cubic feet is 2.832. e.g. rate of royalty for sand is Rs.53.00 per cubic meter.

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Centre seeks review of Supreme Court order on mineral royalty…

The Central has filed a review petition against a recent Supreme Court order that allowed states to collect royalty on extracted minerals and levy tax on mineral-bearing land, The Times of India has reported. ... States such as Jharkhand, Odisha, Chhattisgarh, Karnataka, Andhra Pradesh and Rajasthan are expected a windfall from the ruling. The ...

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Department of Mines and Geology

Mineral Resources of Karnataka. Our State is fairly well endowed with a wide variety of minerals. It is the major producer of primary gold metal in the country. Its resources of a few …

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Karnataka Cabinet approves revamped minor mineral policy

Last year, the Federation of Karnataka Quarry and Stone Crusher Owners' Association protested, demanding rationalisation of royalty collection DHNS Last Updated : …

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PROBLEMS ON ROYALTY ACCOUNTS 1.

PROBLEMS ON ROYALTY ACCOUNTS 1. The Karnataka Minerals Ltd acquired a lease from a landlord for the purpose of extracting ore. It was agreed that the company should pay Rs 12 per ton of ore raised subject to minimum rent of Rs 36,000 a year and that the short working could be recouped in the first 3 years.

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IN THE HIGH COURT OF KARNATAKA AT BENGALURU

rule 42 (7) of the karnataka minor mineral concession rules 1994 inserted by way of an amendment notified in the special gazette dated 30.06.2020 bearing reference no.c1 115 mmn 2019 ...

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Royalty Rate of Minerals

The existing rates of royalty in respect of major minerals (excluding coal, lignite and sand for stowing) were last revised vide gazette notification number G.S.R. 574(E) dated 13.8.2009. The rates of royalty in respect of Coal including Lignite were revised vide notification number G.S.R. 349 (E), dated the 10 th May, 2012 by the Ministry of Coal.

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SCHEDULE – I RATE OF ROYALITY Name of Mineral …

18 All other minerals not herein before specified. 10% of pits mouth value - Note: Marble Khanda / Lime Stone if used in Industries other than burning then royalty shall be payable at the higher rate of minor mineral or major mineral i.e. whichever is higher.]

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Department of Mines and Geology

Name of the Mineral Present Rate of Royalty Royalty to be revised; Export: Domestic: 1: Ornamental and Decorative Building Stones as defined under clause(m) of Rule 2: A: Dyke Rock (i) Black granites: (a)Chamarajanagar District: (BGC) 15% of Sale Value or of Average Selling …

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SC Upholds States' Taxation Power on Mineral Rights

The mineral production index (base 2011-12) for 2021-22 is 113.3, showing a growth of 12.17% compared to 2020-21. The total value of mineral production (excluding atomic and fuel minerals) for 2021-22 is estimated at approximately Rs. 220000 crore, with metallic minerals contributing approximately Rs. 120000 crore.

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Karnataka sees buoyancy in royalty from minerals

The Karnataka government has seen buoyancy in the collection of royalty from the sale of minerals during the first eight months of the current financial year. The state has raked …

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Minerals royalty rates in India: Comparison with other …

Royalty = Sale price of mineral (grade-wise and state-wise) published by the Indian Bureau of Mines (IBM) X rate of royalty (in percentage) X total quantity of mineral grade produced/dispatched The royalty on metallic minerals like copper, zinc, lead, bauxite, etc. is based on the price movements of the London Metal Exchange (LME).

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SC allows states to seek refund of royalty on minerals from …

Karnataka HC quashes charges against two for raising 'Jai Shri Ram' slogans in mosque. Siddaramaiah deeply involved in MUDA 'scam', should resign immediately: BJP. ... The verdict had overruled a 1989 judgement, which held that only the Centre has power to impose royalty on minerals and mineral-bearing land.

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Karnataka sees buoyancy in royalty from minerals

The Karnataka government has seen buoyancy in the collection of royalty from the sale of minerals during the first eight months of the current financial year. The state has raked in royalty ...

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Minor Minerals and Sairat | Revenue and Disaster …

Creation of Minor Mineral Enforcement Cells in 144 Tahasils.. 20/11/2019 : RDM-MMS-POLICY-0005-2019-36247 : Download(691.59 KB) 6 : Order on the fixation of Headquarters and Districts for Junior Mining Officer posted under Directorate of Minor Minerals, Odisha. ... Inclusion the collection of royalty in Tahasil DCB collected through WAMIS ...

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Supreme Court says royalty payable on minerals not a tax, …

A 9-judge Constitution bench headed by Chief Justice D Y Chandrachud, with 8:1 majority, held that that royalty payable on minerals is not a tax and noted that Parliament does not have the power to tax mineral rights under Entry 50 of the List II of the Constitution.

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Cabinet decision: Royalty rates for 12 critical …

Union Cabinet specifies royalty rates for 12 critical minerals in India, including beryllium, cobalt, and titanium, to boost mining sector. SENSEX 81,381.36 -230.05. NIFTY 24,964.25 -34.20

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Karnataka cabinet decides to simplify royalty collection for …

Karnataka cabinet decides to simplify royalty collection for quarries, stone crushers ... the cabinet on Wednesday approved the Karnataka Minor Minerals Amendment Act that will ensure collection ...

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Nine-judge bench reserves verdict on prospective application of mineral

A simple summary of a complex issue. Last week, the bench held that state legislatures can collect tax on mines and minerals. Mineral Area Development Authority overruled a seven-judge bench decision in India Cements v State of Tamil Nadu (1989), which said states cannot levy tax as they are already collecting it as a 'royalty' under the Mines and …

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17 feb Mineral Royalties 2011

The first edition of 'Mineral Royalties' was published in 1998 and second revised edition was published in 2006. This updated 3rd edition of 'Mineral Royalties' is intended to provide the reader with a broad perception of various legal, technical and fiscal issues concerning with mineral royalties.

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Department of Mines and Geology

The Mineral (Auction Rules) 2015: Sand Mining Management Guidelines 2020 : PMKKKY revised guidelines 2024 : State Act and Rules. KMMCR: Karnataka Regulation of Stone Crushers Amended Rules - 2014 : KMMCR Amended Rules 2016-17: Draft amend The Karnataka (Prevention of Illegal Mining,Transportation and Storage of Minerais) Rules 2011: Sand Policy ...

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SC Upholds States' Taxation Power on Mineral Rights

which classified royalties on minerals as a tax under the MMDRA, 1957 was incorrect. State vs. Central Authority: The Court emphasised that the power to impose taxes on mineral ... followed by Gujarat (147), Karnataka (132), Odisha (128), Chhattisgarh (114), Andhra Pradesh (108), Rajasthan (90), Tamil Nadu (88), Maharashtra (73), Jharkhand (45 ...

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SC to decide on application of its Mineral Royalty judgment …

Supreme Court's nine-judge bench has on July 25, 2024 declared that States have got legislative competence to levy tax on mineral-bearing lands. The court explained that the tax is different from royalty, as it is just a contractual consideration paid by the mining lessee to the lessor for enjoyment of mineral rights.

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Indian Bureau of Mines,Nagpur

The Indian Bureau of Mines (IBM) established in 1948, is a multi-disciplinary government organisation under the Department of Mines, Ministry of Mines, engaged in promotion of conservation, scientific development of mineral resources and protection of environment in mines other than coal, petroleum & natural gas, atomic minerals and minor minerals.

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Payments to District Minerals Foundation under MMDR …

The royalty paid per MT of building stones as per the Mines and Minerals (Development & Regulation) Act, 1957 ("MMDR Act") read with Karnataka Minor Mineral Concession Rules, 1994 ("KMMC Rules") and amount paid to District Mineral Foundation ("DMF") equal to 30% of royalty as per the MMDR Act read with Karnataka District Mineral ...

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Department of Mines and Geology

2)permission can be obtained from the Centre for e-governance by requesting to this email. [email protected]. 3)Before leaving this government website note: this contact …

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