{"id":496,"date":"2014-09-08T12:04:29","date_gmt":"2014-09-08T12:04:29","guid":{"rendered":"http:\/\/www.beachminerals.org\/?p=196"},"modified":"2021-09-23T15:11:57","modified_gmt":"2021-09-23T09:41:57","slug":"govt-india-increase-royalty-garnet-minerals","status":"publish","type":"post","link":"https:\/\/beachmineral.com\/ta\/govt-india-increase-royalty-garnet-minerals\/","title":{"rendered":"Govt., of India increase the royalty for Garnet and other minerals"},"content":{"rendered":"<p><span style=\"font-size: 18pt;\">According to the MMDR Act, Section 9, all the major mineral mining lessee has to remit the royalty as per the 2nd Schedule of the MMDR Act. The second schedule will be revised once in 3 years. \u00a0Recently, Govt., of India revised the 2nd Schedule of the Act.\u00a0<\/span><\/p>\n<p><span style=\"font-size: 18pt;\">As per the present revision, the royalty for beach minerals. According to the present revision the rate of royalty for the Beach Minerals are given below.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">1) Garnet &#8211; 4 % of average Sale price on advalreum basis.<\/span><\/p>\n<p><span style=\"font-size: 18pt;\">2) Ilmenite, Rutile, Zircon, Leucoxene &#8211;\u00a0\u00a02% of average Sale price on advalreum basis.<\/span><\/p>\n<p><span style=\"font-size: 18pt;\">3) Silimanite &#8211; 2.5% of average Sale price on advalreum basis.<\/span><\/p>\n<p><span style=\"font-size: 18pt;\">4) Monazite &#8211; Rs. 125 per M.Ton<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 18pt;\">Note : In addition to this, 10% of export duty on FOB Price will also applicable for export of Ilmenite, Rutile etc.,<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" style=\"width: 100%; height: 500px;\" src=\"http:\/\/docs.google.com\/gview?url=http:\/\/www.beachminerals.org\/wp-content\/uploads\/2014\/09\/Notification-on-Rates-of-Royalty-on-Minerals-and-Dead-Rent-1-September-2014.pdf&amp;embedded=true\" width=\"300\" height=\"150\" frameborder=\"0\"><\/iframe><a href=\"http:\/\/www.beachminerals.org\/wp-content\/uploads\/2014\/09\/Notification-on-Rates-of-Royalty-on-Minerals-and-Dead-Rent-1-September-2014.pdf\">Notification on Rates of Royalty on Minerals and Dead Rent (1 September, 2014)<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the MMDR Act, Section 9, all the major mineral mining lessee has to remit the royalty as per the 2nd Schedule of the MMDR Act. The second schedule will be revised once in 3 years. \u00a0Recently, Govt., of India revised the 2nd Schedule of the Act.\u00a0 As per the present revision, the royalty &hellip; <a href=\"https:\/\/beachmineral.com\/ta\/govt-india-increase-royalty-garnet-minerals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Govt., of India increase the royalty for Garnet and other minerals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[50,1],"tags":[],"class_list":["post-496","post","type-post","status-publish","format-standard","hentry","category-act-rule-notifications","category-blog"],"translation":{"provider":"WPGlobus","version":"3.0.6","language":"ta","enabled_languages":["en","ta"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ta":{"title":false,"content":false,"excerpt":false}}},"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts\/496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/comments?post=496"}],"version-history":[{"count":1,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts\/496\/revisions"}],"predecessor-version":[{"id":2400,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/posts\/496\/revisions\/2400"}],"wp:attachment":[{"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/media?parent=496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/categories?post=496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beachmineral.com\/ta\/wp-json\/wp\/v2\/tags?post=496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}