India Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update
Summary
GlobalData's India Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update provides a comprehensive coverage on India's mining fiscal regime. The report provides country's overview with macroeconomic performance, corruption index and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, rights, and obligations, as well as current and future tax-related proposals.
India is endowed with vast mineral deposits, including coal, iron ore, bauxite, manganese, copper, lead, zinc and limestone. The country’s mining industry is governed by the Ministry of Mines, Ministry of Environment, Forests and Climate Change (MoEFCC), the Indian Bureau of Mines (IBM) and the Geological Survey of India (GSI). On 28 March 2021, the Mines and Mineral Laws (Amendment) Act, 2021, was enacted, amending the Coal Mines (Special Provisions) Act, 2015 (CMSP Act) and the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act). This was mainly done to attract more FDI, promote ease of doing business, reduce dependency on coal imports, and efficient process of mine allocation/auction.
Scope
- The report outlines the governing bodies, governing laws, various mineral licenses and fees by state
- Enhance your decision-making capability in a more rapid and time sensitive manner
- Find out India's governing bodies, major laws in the industry
- Identify various mineral licenses and fees
- To gain an overview of India's mining fiscal regime
- 1. Executive Summary
- 2. Country Overview
- 2.1 Macroeconomic Performance
- 2.2 Corruption Index
- 3. Governing Bodies
- 3.1 Ministry of Mines
- Geological Survey of India
- Indian Bureau of Mines (IBM)
- 3.2 Ministry of Coal
- Coal Controller’s Organization
- Coal Mines Provident Fund Organization (CMPFO)
- Central Mine Planning and Design Institute Ltd (CMPDI)
- 3.3 Ministry of Steel
- 3.4 Ministry of Environment, Forest and Climate Change (MoEFCC)
- Regional Office
- Autonomous Bodies
- Authorities/Tribunal
- Boards
- 3.5 Department of Atomic Energy (DAE)
- Public Sector Units
- Atomic Minerals Directorate for Exploration and Research
- 4. Mining Laws, Rights and Obligations
- 4.1 Mines and Minerals (Development and Regulation) Act, 2021
- 4.2 Mineral Conservation and Development (Amendment) Rule, 2021
- 4.3 Other Mining Laws
- 4.4 The Coal Mines (Special Provisions) Act, 2015
- 4.5 Coal Block Allocation Rules, 2020
- 4.6 National Mineral Policy, 2019
- 4.7 The Mineral Laws (Amendment) Ordinance, 2020
- 5. Mining Concessions, Rights and Obligations
- 5.1 Reconnaissance Permit (RP)
- 5.2 Prospecting Mines
- 5.3 Mining Lease (ML)
- 5.4 Rights
- 5.5 Obligations
- 6. Taxes and Royalties
- 6.1 Royalty Taxes
- Coal - West Bengal
- Coal (excluding the state of West Bengal)
- 6.2 Mining Concession Fees
- 6.3 Dead Rent Rates
- 6.4 Goods and Service Tax
- List of goods at 1.5% rate
- List of goods at 2.5% rate
- List of goods at 9% rate
- 6.5 Export tax for iron ore
- 7. Appendix
- 7.1 Abbreviations
- 7.2 Methodology
- 7.3 Coverage
- 7.4 Secondary Research
- List of Tables
- Table 1: Royalty taxes, 2022
- Table 2: Coal and lignite royalty rates, West Bengal (₹/t), 2022
- Table 3: Coal and lignite royalty rates (excluding West Bengal) (₹/t), 2022
- Table 4: Mining concession fees, 2022
- Table 5: Annual dead rent rates per hectare (₹/Ha), 2022
- Table 6: Iron ore export tax, 2022
- List of Figures
- Figure 1: Country overview, 2022
- Figure 2: Nominal GDP (US$ Billion) and Real GDP Growth Rate (%), 2001-21
- Figure 3: Mineral exports and FDI in mining, FY2016—21
- Figure 4: Corruption Perception Index, 2015-21
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