SCHEDULE 12 - PROCESSED MINERALS AND ORES - Income-tax Act, 1961

1 [ THE TWELFTH SCHEDULE [See section 80HHC (2)(b)(ii)] PROCESSED MINERALS AND ORES ( i ) Pulverised or micronised-barytes, calcite, steatite, pyrophylite, wollastonite, zircon, bentonite, red or yellow oxide, red or yellow ochre, talc, quartz, feldspar, silica powder, garnet, silliminite, fireclay, ballclay, manganese dioxide ore. ( ii ) Processed or activated-bentonite, diatomious earth, fullers earth. ( iii ) Processed-kaoline (china clay), whiting, calcium carbonate. ( iv ) Beneficated-chromite, flourspar, graphite, vermiculite, ilmenite, brown ilmenite (lencoxene) rutile, monazite and other mineral concentrates. ( v ) Mica blocks, mica splittings, mica condenser films, mica powder, micanite, silvered mica, punched mica, mica paper, mica tapes, mica flakes. ( vi ) Exfoliated-vermiculite, calcined kyanite, magnesite, calcined magnesite, calcined alumina. ( vii ) Sized iron ore processed by mechanical screening or crushing and screening through dry process or mechanical crushing, screening, washing and classification through wet process. ( viii ) Iron ore concentrates processed through crushing, grinding or magnetic separation. ( ix ) Agglomerated iron ore. ( x ) Cut and polished minerals and rocks including cut and polished granite. Explanation. -For the purposes of this Schedule, processed , in relation to any mineral or ore, means- ( a ) dressing through mechanical means to obtain concentrates after removal of gangue and unwanted deleterious substances or through other means without altering the minerological identity; ( b ) pulverisation, calcination or micronisation; ( c ) agglomeration from fines; ( d ) cutting and polishing; ( e ) washing and levigation; ( f ) benefication by mechanical crushing and screening through dry process; ( g ) sizing by crushing, screening, washing and classification through wet process; ( h ) other upgrading techniques such as removal of impurities through chemical treatment, refining by gravity separation, bleaching, floata-tion or filtration.] ---------------- Notes :- 1. Inserted by the Finance (No. 2) Act, 1991, w.e.f. 1-4-1991. Earlier, the Twelfth Schedule was inserted by the Finance Act, 1982, w.e.f. 1-4-1983 and omitted by the Finance Act, 1986, w.e.f. 1-4-1987.