MRRS adds "India’s Mining Fiscal Regime H2 2015" latest studies, published in November 2016. It is a professional and in-depth study.
Summary
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.
– The Ministry of Mines is responsible for the survey and exploration of all minerals, including the mining and metallurgy of non-ferrous metals such as aluminum, copper, zinc, lead, gold, nickel, coal, natural gases, petroleum and atomic minerals.
– The Ministry of Coal is an authorized body and oversees the administration and development of reserves, non-coking coal and lignite deposits, and the sanctioning of important projects of high value.
– The Geological Survey of India (GSI) is responsible for geo-information management
– The Mines Act, 1952 is one of the important laws governing the Indian mining sector
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, value added tax and tax incentives
Reasons to buy
– To gain an overview of India’s mining fiscal regime

1 Table of Contents
1 Executive Summary 1
2 The Indian Mining Industry – Governing Bodies 7
2.1 Ministry of Mines 7
2.2 Ministry of Coal 7
2.3 Indian Bureau of Mines (IBM) 7
2.4 Geological Survey of India (GSI) 7
2.5 Ministry of Environment and Forests (MoEF) 7
2.6 Coal Controller 8
2.7 Department of Atomic Energy (DAE) 8
2.8 Atomic Minerals Directorate (AMD) for Exploration and Research 8
2.9 Atomic Energy Regulatory Board (AERB) 8
3 The Indian Mining Industry – Governing Laws 9
3.1 Mines Act, 1952 9
3.2 Mines and Minerals (Development and Regulation) Amendment Act, 2015 9
3.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957 9
3.4 The Atomic Energy Act, 1962 9
3.5 The Coal Mines (Special Provisions) Act, 2015 10
4 The Indian Mining Industry – Mining Licenses 11
4.1 Reconnaissance Permit 11
4.2 Prospecting License 11
4.3 Large Area Prospecting License 11
4.4 Mining Lease 11
4.5 Captive Coal Mining License 11
5 The Indian Mining Industry – Rights and Obligations 13
5.1 Rights 13
5.2 Obligations 13
6 The Indian Mining Industry – Key Fiscal Terms 14
6.1 Fees 14
6.1.1 Reconnaissance fee 14
6.1.2 Prospecting fee 14
6.2 Rent 14

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