March 29, 2016 - 2:11 PM EDT
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India's Mining Fiscal Regime: H1 2016 - Research and Markets

Research and Markets has announced the addition of the "India's Mining Fiscal Regime: H1 2016" report to their offering.

The Indian fiscal regime report outlines the governing bodies, governing laws, licenses, rights, obligations and tax-related information for 12 commodities: iron ore, copper, lead, gold, silver, zinc, coal, bauxite, manganese, uranium, chromium and diamond.

The 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 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 and tax incentives

Key Highlights:

- 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.

Key Topics Covered:

1 Executive Summary

2 The Indian Mining Industry - Governing Bodies

2.1 Ministry of Mines

2.2 Ministry of Coal

2.3 Indian Bureau of Mines (IBM)

2.4 Geological Survey of India (GSI)

2.5 Ministry of Environment and Forests (MoEF)

2.6 Coal Controller

2.7 Department of Atomic Energy (DAE)

2.8 Atomic Minerals Directorate (AMD) for Exploration and Research

2.9 Atomic Energy Regulatory Board (AERB)

3 The Indian Mining Industry - Governing Laws

3.1 Mines Act, 1952

3.2 Mines and Minerals (Development and Regulation) Amendment Act, 2015

3.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957

3.4 The Atomic Energy Act, 1962

3.5 The Coal Mines (Special Provisions) Act, 2015

4 The Indian Mining Industry - Mining Licenses

4.1 Reconnaissance Permit

4.2 Prospecting License

4.3 Mining Lease

4.4 Captive Coal Mining License

5 The Indian Mining Industry - Rights and Obligations

5.1 Rights

5.2 Obligations

6 The Indian Mining Industry - Key Fiscal Terms

6.1 Fees

6.2 Rent

6.3 Royalty

6.4 Corporate Tax

6.5 Surcharge

6.6 Education Cess

6.7 Clean Energy Cess

6.8 Branch Profits Tax (BPT)

6.9 Withholding Tax

6.10 Loss Carry Forward

6.11 Deductions

6.12 Tax Incentives

7 The Indian Mining Industry - Future Development

8 Appendix

For more information visit http://www.researchandmarkets.com/research/h3gg72/indias_mining

Research and Markets
Laura Wood, Senior Manager
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Sector: Mining


Source: Business Wire (March 29, 2016 - 2:11 PM EDT)

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