ranchi: On the orders of the Supreme Court, the state government will impose cession on the mineral lands. This will generate additional revenue of about Rs 2,000 crore annually. This bill prepared by the Mines Department was passed in the monsoon session of the Assembly. The Jharkhand Mineral Holding Land Cession Bill-2024 will now be sent to the Governor for his assent. Meanwhile, after the passage of the bill, the Mines Department has prepared its rule. The proposed rule will now be tabled in the next cabinet meeting. Chief Minister Hemant Soren has approved the proposal for approval by the Cabinet.
Supreme Court In the decision of July 25, 2024, the states were given the right to impose cess on lands containing minerals. Only after this, the government immediately prepared the bill and approved it in the monsoon session. Now it is being sent to the cabinet. It was said that the amount received from the cess will be spent on the development of the state. The tax amount will be spent on health, education, social security services, agriculture, rural infrastructure, drinking water sanitation and other types of services. The cess amount will be recovered through the Department of Mine Geology.
A letter will be sent to the Centre for recovery of Rs 1.36 lakh crore.
In the next series of hearings of the same case Supreme Court On August 14, 2024, it gave permission to the states to recover the arrears of royalty dues on mineral-rich lands from the Central Government and mining companies since April 1, 2005. The court said that the Centre and mining companies will be able to pay the dues to the mineral-rich states in a systematic manner over the next 12 years. At the same time, the court had directed the mineral-rich states not to impose any penalty on royalty payments.
The state government has assessed the dues. As per the assessment, the state will receive dues of Rs 1 lakh 36 thousand crore. This payment will be made in a phased manner over 12 years. In this, the state government owes Rs 1 lakh 36 thousand 42 crore in various items to coal companies CCLS, BCCL and ICL working in Jharkhand. It was said that MADA, Land Revenue Department and Mines Department will soon write a letter to the Central Government demanding the dues.
How much tax will be applied to each mineral?
Type of land containing minerals – yield rate
Coal producing lands: Rs 100 per metric tonne
Iron ore bearing lands: Rs 100 per metric tonne
Bauxite bearing lands: Rs 70 per metric tonne.
Limestone-bearing lands: Rs 50 per metric tonne
Land containing manganese ore: Rs 50 per metric tonne.
Other mineral lands: 50 percent of the royalty paid for the shipment of minerals per ton.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.