JSB Market Research: Indias Mining Fiscal Regime: H1 2014 On 11rd June 2014
Synopsis Timetrics Indian mining fiscal regime report outlines governing bodies, governing laws, mining ownership and licenses, rights and obligations and tax-related information on 12 commodities: coal, iron ore, zinc, lead, copper, bauxite, gold, silver, chromium, manganese, diamond and uranium.
Summary The mining industry in India is governed by Ministry of Mines, Indian Bureau of Mines (IBM) and Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Act 1957, (MMDR) as amended up to May 10, 2012 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the mining sector in India. The Union Cabinet approved the proposal to introduce the MMDR Bill 2011, which would eventually replace the 1957 Act once passed by parliament. Browse Full Report @ http://www.jsbmarketresearch.com/materials/r-Indias-Mining-FiscalRegime-H1-2014-112972
Scope The report outlines Indias governing bodies, governing laws, mine ownership and licenses, mining rights and obligations, key fiscal terms which includes reconnaissance fees, prospecting fees, surface and dead rents, corporate income tax, royalty, education cess, clean energy cess and more.
Reasons To Buy To get an overview of Indias mining fiscal regime.
Key Highlights Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
The mining industry in India is governed by Ministry of Mines, Indian Bureau of Mines (IBM) and Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Act 1957, (MMDR) as amended up to May 10, 2012 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the mining sector in India. The Union Cabinet approved the proposal to introduce the MMDR Bill 2011, which would eventually replace the 1957 Act once passed by parliament. The Central and the state governments are responsible for managing the mineral resources in India. The Ministry of Coal is an authorized body and oversees the administration and development policies and strategies, non-coking coal, lignite deposits and mining operations in India. It also supervises production, demand, supply, distribution and price-related matters for coal. The ministry is also in charge of the administration of the Coal Mines Provident Fund Organization (CMPFO) and Coal Mines Welfare Organization (CMWO). The Subsoil Law is the main law in the mining industry, providing all relevant laws and regulations regarding subsoil use in the Russian Federation. Other regional laws on subsoil are also applicable to the mining industry.
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Table of Content 1 Summary 1 2 The Indian Mining Industry Governing Bodies 7 2.1 Ministry of Mines 7 2.2 Ministry of Coal 7 2.3 Indian Bureau of Mines (IBM) 7 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
2.4 Geological Survey of India (GSI) 7 2.5 Ministry of Environment and Forests (MoEF) 7 2.6 Coal Controller 8 2.7 Department of Atomic Energy (DAE) 8 2.8 Atomic Minerals Directorate (AMD) for exploration and research 8 2.9 Atomic Energy Regulatory Board (AERB) 8 3 The Indian Mining Industry Governing Laws 9 3.1 Mines Act, 1952 9 3.2 Mines and Minerals (Development and Regulation) Act, 1957 9 3.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957 9 3.4 The Atomic Energy Act, 1962 9 4 The Indian Mining Industry Mining Ownership and Licenses 10 4.1 Mining Licenses 10 4.1.1 Reconnaissance License 10 4.1.2 Prospecting License 10 4.1.3 Large Area Prospecting License 10 4.1.4 Mining Lease 11 4.1.5 Captive Coal Mining License 11 5 The Indian Mining Industry Rights and Obligations 12 5.1 Rights 12 5.2 Obligations 12 6 The Indian Mining Industry Key Fiscal Terms 13 6.1 Fees 13 6.1.1 Reconnaissance Fee 13 6.1.2 Prospecting Fee 13 6.2 Rent 13 6.2.1 Surface Rent 13 6.2.2 Dead Rent 13 6.3 Royalty 13 6.4 Corporate Tax 16 6.5 Surcharge 16 6.6 Education Cess 16 6.7 Clean Energy Cess 16 6.8 Clean Energy Cess 16 6.9 Branch Profits Tax (BPT) 17 6.10 Withholding Tax 17 6.11 Losses Carry Forward 17 6.12 Deductions 17 6.13 Depreciation 17 6.14 Value Added Tax (VAT) 17 6.15 Tax Incentives 18 6.16 Tax Treaties 18 Email ID- contact@jsbmarketresearch.com Tel No- 91 2241236650 Published by- http:/www.jsbmarketresearch.com/
7 Appendix 19 7.1 What is this Report About? 19 7.2 Methodology 19 7.3 Secondary Research 19 7.4 Primary Research 19 7.5 Contact Timetric 20 7.6 About Timetric 20 7.7 Timetrics Services 21 7.8 Disclaimer 22 List of Tables Table 1: The Mining Industry in India Fiscal Regime Terms and Other Taxes 1 Table 2: The Mining Industry in India Dead Rent Rates Per Hectare (INR), 2014 13 Table 3: The Mining Industry in India Coal and Lignite Royalty Rates, (INR/%), 2014 15 Table 4: The Mining Industry in India Coal Middlings Royalty Rate, (INR/%), 2014 15 Table 5: The Mining Industry in India West Bengal Coal and Lignite Royalty Rates Per Tons, 2014 16 Table 6: The Mining Industry in India Withholding Taxes (%), 2014 17 Table 7: The Mining Industry in India Depreciation Rates (%), 2014 17 List of Figures Figure 1: The Mining Industry in India Commodity Mines at Different Stages 2 Related reports: S-Tech Corp. (1584) - Company Capsule Kaori Heat Treatment Co., Ltd (8996) - Company Capsule
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