India’s Mining Fiscal Regime: H2 2014

GlobalData's fiscal regime report covers Indian mining industry which is governed by the Ministry of Mines, the Indian Bureau of Mines (IBM) and Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Amendment Bill, 2015 which came into effect on January 12, 2015 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the mining sector in India. The Union Cabinet has approved the proposal to introduce the MMDR Bill 2011, which will eventually replace the 1957 Act once passed by parliament.


The report outlines India's governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes corporate tax, surcharge, education cess, clean energy cess, branch profit tax, withholding tax, losses carry forward, deductions, depreciations, value added tax (Vat), tax incentives, tax treaties

Key Highlights

• The Ministry of Mines is responsible for the survey and exploration of all minerals

• The Ministry of Coal is an authorized body and oversees the administration and development of policy and strategy, non-coking coal, lignite deposits and mining operations in India

• The Indian Bureau of Mines promotes the conservation and protection of the environment in mines other than coal, petroleum and natural gas, atomic minerals and minor minerals

• The Geological Survey of India is responsible for assessing and conducting regional exploration for coal and other mineral resources

• The Mines Act, 1952 is one of the basic laws governing the mining sector in India

Reasons to buy

Gain an overview of India's mining fiscal regime.

Companies mentioned

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 Bill, 2015

3.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957

3.4 The Atomic Energy Act, 1962

4 The Indian Mining Industry – Mining Licenses

4.1 Reconnaissance Permit

4.2 Prospecting License

4.3 Large Area Prospecting License

4.4 Mining Lease

4.5 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 Depreciation

6.13 Value Added Tax (VAT)

6.14 Tax Incentives

6.15 Tax Treaties

7 The Indian Mining Industry – Future Development

8 Appendix

8.1 Abbreviations

8.2 Methodology

8.3 Secondary Research

8.4 Primary Research

8.5 Contact GlobalData

8.6 About GlobalData

8.7 GlobalData’s Services

8.8 Disclaimer

List of Tables

Table 1: The Mining Industry in India – Fiscal Regime Terms and Other Taxes, 2014

Table 2: The Mining Industry in India – Dead Rent Rates Per Hectare (INR), 2014

Table 3: The Mining Industry in India – Coal and Lignite Royalty Rates, (INR/%), 2014

Table 4: The Mining Industry in India – Coal Middlings Royalty Rate, (INR/%), 2014

Table 5: The Mining Industry in India – West Bengal Coal and Lignite Royalty Rates per Tonne, 2014

Table 6: The Mining Industry in India – Withholding Taxes (%), 2014

Table 7: The Mining Industry in India – Depreciation Rates (%), 2014

List of Figures

Figure 1: The Mining Industry in India – Commodity Mines at Different Stages (Number of mines), 2014


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