Royalty

Description

Legal Provisions

Under the provisions of Section 9(3) of the MMDR Act, 1957, the Central Government may, by notification in the Official Gazette, amend the Second Schedule, so as to enhance or reduce the rate at which royalty shall be payable in respect of any minerals with effect from such date as may be specified in the Notification, provided that the Central Government shall not enhance the rate of royalty in respect of any minerals more than once during any period of three years. Similarly under Section 9A(2) of the Act, the Central Government may, by notification in the official Gazette, amend the Third Schedule so as to enhance or reduce the rate at which the dead rent shall be payable in respect of any area covered by mining lease and such enhancement or reduction shall take effect from such date as may be specified in the notification, provided that the Central Government shall not enhance the rate of the dead rent in respect of any such area more than once during any period of three years.