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The Second Schedule

[See Section 17(1)]

Rates of Fixed Rent

Rates of fixed rent in rupees per standard block per annum

Size 1st Year of the lease 2nd to 5th year of the lease 6th to 10th year of the lease 11th year of the lease and onwards
Standard block of 5 minutes longitude by 5 minutes latitude Nil Rupees 50,000 Rupees 1,00,000 Rupees 2,00,000

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

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