India’s Mining Fiscal Regime: H1 2016

 Published On: Feb, 2016 |    No of Pages: 19 |  Published By: Timetric | Format: PDF
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Timetric’s Indian fiscal regime report outlines the governing bodies, governing laws, licenses, rights, obligations and tax-related information for 12 commodities: iron ore, copper, lead, gold, silver, zinc, coal, bauxite, manganese, uranium, chromium and diamond.

Timetric's fiscal regime report covers India, which has a variety of mineral reserves, such as barite, bauxite, chromium, coal, iron ore, limestone and manganese. The country produces 89 minerals, of which four are fuel minerals, 10 are metallic, 52 are non-metallic, and 22 are minor.

The report outlines the governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes fees, rent, royalty, corporate tax, surcharge , education cess, clean energy cess, branch profits tax, withholding tax, loss carry forward, deductions and tax incentives

Reasons To Buy
Gain an overview of India's mining fiscal regime

Key Highlights
- The Ministry of Mines is responsible for the survey and exploration of all minerals, including the mining and metallurgy of non-ferrous metals such as aluminum, copper, zinc, lead, gold, nickel, coal, natural gases, petroleum and atomic minerals.

- The Ministry of Coal is an authorized body and oversees the administration and development of reserves, non-coking coal and lignite deposits, and the sanctioning of important projects of high value.

- The Geological Survey of India (GSI) is responsible for geo-information management.

- The Mines Act, 1952 is one of the important laws governing the Indian mining sector.
Table of Contents
1 Executive Summary
2 The Indian Mining Industry – Governing Bodies
2.1 Ministry of Mines
2.2 Ministry of Coal
2.3 Indian Bureau of Mines (IBM)
2.4 Geological Survey of India (GSI)
2.5 Ministry of Environment and Forests (MoEF)
2.6 Coal Controller
2.7 Department of Atomic Energy (DAE)
2.8 Atomic Minerals Directorate (AMD) for Exploration and Research
2.9 Atomic Energy Regulatory Board (AERB)
3 The Indian Mining Industry – Governing Laws
3.1 Mines Act, 1952
3.2 Mines and Minerals (Development and Regulation) Amendment Act, 2015
3.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957
3.4 The Atomic Energy Act, 1962
3.5 The Coal Mines (Special Provisions) Act, 2015
4 The Indian Mining Industry – Mining Licenses
4.1 Reconnaissance Permit
4.2 Prospecting License
4.3 Mining Lease
4.4 Captive Coal Mining License
5 The Indian Mining Industry – Rights and Obligations
5.1 Rights
5.2 Obligations
6 The Indian Mining Industry – Key Fiscal Terms
6.1 Fees
6.1.1 Reconnaissance fee
6.1.2 Prospecting fee
6.2 Rent
6.2.1 Surface rent
6.2.2 Dead rent
6.3 Royalty
6.4 Corporate Tax
6.5 Surcharge
6.6 Education Cess
6.7 Clean Energy Cess
6.8 Branch Profits Tax (BPT)
6.9 Withholding Tax
6.10 Loss Carry Forward
6.11 Deductions
6.12 Tax Incentives
7 The Indian Mining Industry – Future Development
8 Appendix
8.1 Abbreviations
8.2 Secondary Research
8.3 Primary Research
8.4 Contact Timetric
8.5 About Timetric
8.6 Timetric’s Services
8.7 Disclaimer

List of Tables
Table 1: The Mining Industry in India – Key Taxes and Rates, 2016
Table 2: The Mining Industry in India – Dead Rent Rates Per Hectare (INR), 2016
Table 3: The Mining Industry in India – Coal and Lignite Royalty Rates, West Bengal (INR), 2016
Table 4: The Mining Industry in India – Coal Middlings Royalty Rate (INR/%), 2016
Table 5: The Mining Industry in India – Withholding Taxes (%), 2016

List of Figures
Figure 1: The Mining Industry in India – Commodity Mines at Different Stages (Number of Mines), 2016

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