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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.


Offshore Areas Mineral (Development and Regulation) Act, 2002 Back




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