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1[Third Schedule]
(See Section 9a)
Rates of Dead Rent

1. Rates 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

From 2nd Year of Lease 3rd and 4th Year of Lease 5th Year onwards
400 1000 2000

2. Two times the rate specified at paragraph 1 above in case of lease granted for medium value minerals.

3. Three times the rate specified at paragraph 1 above in case of lease granted for high value minerals.

4. Four times the rate specified at paragraph 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;

(b) "high value minerals" means semi-precious stones (agate, gem garnet), corundum, copper, lead, zinc, and asbestos (chrysotile variety);

(c) "medium value minerals" means chromite, manganese ore, kyanite, sillimanite, vermiculite, magnesite, wollastonite, perlite, diaspore, apatite, rock phosphate, fluorite (fluorspar), barytes, and iron ore;

(d) "low value minerals" means the minerals other than precious metals and stones, high value minerals and medium value minerals.]

1. Subs. by notification No. G.S.R.631(E), for "Third Schedule" (w.e.f. 1-9-2014).



Mines and Minerals (Development and Regulation) Act, 1957 Back




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