The First Schedule
[See Section 16(1)]
Rates of Royalty
1. | Brown ilmenite (leucoxene), Ilmenite, Rutile and Zircon | Two per cent. of sale price on ad valorem basis. |
2. | Dolomite | Forty rupees per tonne. |
3. | Garnet | Three per cent. of sale price on ad valorem basis. |
4. | Gold | One and half per cent. of London Bullion Market Association price (commonly referred to as "London Price") chargeable on the contained gold metal in ore produced. |
5. | Limestone and Lime mud | Forty rupees per tone. |
6. | Manganese Ore | Three per cent. of sale price on ad valorem basis. |
7. | Monazite | One hundred and twenty-five rupees per tonne. |
8. | Sillimanite | Two and half per cent. of sale price on ad valorembasis. |
9. | Silver | Five per cent. of London metal Exchange price chargeable on the contained silver metal in ore produced. |
10. | All other minerals not hereinbefore specified. | Ten per cent. of sale price on ad valorem basis. |