India's Mining Fiscal Regime: H2 2014 - Research & Market

The Report India’s Mining Fiscal Regime: H2 2014 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

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Albany, NY -- (SBWire) -- 02/27/2015 --Synopsis

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

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Executive summary

The mining industry in India is governed by the Ministry of Mines, the Indian Bureau of Mines (IBM) and Geological Survey of India (GSI). The Mines and Minerals (Development and Regulation) Act 1957, (MMDR) as amended up to May 10, 2012 and the Mines Act 1952, together with the rules and regulations framed under them, constitute the basic laws governing the mining sector in India. The Union Cabinet has approved the proposal to introduce the MMDR Bill 2011, which will eventually replace the 1957 Act once passed by parliament.

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Scope

The report outlines India's governing bodies, governing laws, licenses, rights, obligations and tax-related information which includes corporate tax, surcharge, education cess, clean energy cess, branch profit tax, withholding tax, losses carry forward, deductions, depreciations, value added tax (VAT), tax incentives, tax treaties

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Reasons to buy

* Gain an overview of India's mining fiscal regime.

Key highlights

* The Ministry of Mines is responsible for the survey and exploration of all minerals

* The Ministry of Coal is an authorized body and oversees the administration and development of policy and strategy, non-coking coal, lignite deposits and mining operations in India

* The Indian Bureau of Mines promotes the conservation and protection of the environment in mines other than coal, petroleum and natural gas, atomic minerals and minor minerals

* The Geological Survey of India is responsible for assessing and conducting regional exploration for coal and other mineral resources

* The Mines Act, 1952 is one of the basic laws governing the mining sector in India

* The Mines and Minerals (Development and Regulation) Act 1957 is the main act for the development and regulation of mines and minerals in India

Table Of Content

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) Act, 1957
3.3 The Coal-Bearing Areas (Acquisition and Development) Act, 1957
3.4 The Atomic Energy Act, 1962

4 The Indian Mining Industry – Mining Licenses
4.1 Reconnaissance Permit
4.2 Prospecting License
4.3 Large Area Prospecting License
4.4 Mining Lease
4.5 Captive Coal Mining License

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