Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 12 2012 2012 (12) This

Royalty on Coal Revised

18-12-2012
  • Contents

Press Information Bureau

Government of India

Ministry of Coal

18-December-2012 12:16 IST

The major coal producing States had requested for increase of royalty @ 20% on ad-valorem basis. A study Group constituted by the Ministry of Coal for revision of royalty rates on coal and lignite had recommended for adoption of ad-valorem regime after consultation with the various stake holders including State Governments. The recommendations of the Study Group have been accepted by the Government and royalty rate on coal and lignite have been revised at the rate of 14% and 6% ad-valorem respectively with effect from 10.05.2012.

This information was given by the Minister of State in the Ministry of Coal, Shri Pratik Prakashbapu Patil in a written reply in Lok sabha today.

* * * *

NCJ/RV

Quick Updates:Latest Updates