India’s Mining Fiscal Regime: H1 2016

GlobalData'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.

Scope

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

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 GlobalData

8.5 About GlobalData

8.6 GlobalData’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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