Land Tax Waiver Notification- 2024 – During the COVID Crisis 2019, land tax was imposed upon mineral bearing lands of State. FMAR represented the matter with around 50 Representations and also got Stay on recovery of land tax. Matter was re-presented by way of Budget-Suggestions-2024-25. GOR exempted land tax from Mineral Bearing land & by Notification no. S.O. 534, dt .08.02.2024, land tax has been exempted w.e.f. 08.02.2024 form Mineral Bearing land & an Amnesty Scheme also for composition of old raised demand of land tax with deposition of 10 % of original amount of land tax.
Stamp duty on Registration of Mining Lease – As per Finance Dept . Notification dt 24 Feb 2021 the following rates will be applicable for calculation of Stamp duty for registration of Mining Lease –
Agricultural Land for Mining: If agricultural land is purchased or a consent deed is executed with the landowner for mining purposes, the duty is equal to three times the standard agricultural land rates of that area.New, Renewed, or Transferred Leases: For standard new mining leases (including e-auctions), renewals, or transfers, the stamp duty rate is equivalent to four times the applicable agricultural land rates for that specific area