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1[Third Schedule] 1. Rates of dead rent applicable to the leases granted for low value minerals are as under: Rates of Dead Rent In Rupees Per Hectare Per Annum
2. Two times the rate specified at paragraph 1 above in case of lease granted for medium value minerals. 3. Three times the rate specified at paragraph 1 above in case of lease granted for high value minerals. 4. Four times the rate specified at paragraph 1 above in case of lease granted for precious metals and stones. Note: 1. For the purpose of this notification: (a) "precious metals and stones" means gold, silver, diamond, ruby, sapphire and emerald; (b) "high value minerals" means semi-precious stones (agate, gem garnet), corundum, copper, lead, zinc, and asbestos (chrysotile variety); (c) "medium value minerals" means chromite, manganese ore, kyanite, sillimanite, vermiculite, magnesite, wollastonite, perlite, diaspore, apatite, rock phosphate, fluorite (fluorspar), barytes, and iron ore; (d) "low value minerals" means the minerals other than precious metals and stones, high value minerals and medium value minerals.] 1. Subs. by notification No. G.S.R.631(E), for "Third Schedule" (w.e.f. 1-9-2014).    |
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