Rates of Fixed Rent | Offshore Areas Mineral (Development and Regulation) Act, 2002 | Bare Acts | Law Library

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The Second Schedule

[See Section 17(1)]

Rates of Fixed Rent

Rates of fixed rent in rupees per standard block per annum

Size	1st Year of the lease	2nd to 5th year of the lease	6th to 10th year of the lease	11th year of the lease and onwards
Standard block of 5 minutes longitude by 5 minutes latitude	Nil	Rupees 50,000	Rupees 1,00,000	Rupees 2,00,000

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