refund of royalty on iron ore upon beneficiation

  • Format 1Steel

     · Beneficiation and Pellet Plant facilities at Gua Jharkhand Public Grant of Stage-II FC for royalty on iron ore produced from Bolani mines Mines) Odisha 3. Anomaly in levy of Refund of BG MoS may oversee the expeditious formation of AMIL-SAIL JV and guide the

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  • The Minerals Resource Rent Tax—selected concepts and

    This change also reflects the fact that iron ore fines account for the majority of the State s iron ore shipments and are no longer considered an inferior product in the global market. This reform is expected to increase royalty income by 378 million in and by

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  • Hardrock Mining Updated Information on State Royalties

     · Source GAO analysis of prior report (GAO Hardrock Mining Information on State Royalties and Trends in Mineral Imports and Exports GAOR (Washington D.C. July 21 2008)) state statutes regulations expert literature and interviews with selected experts.Amendments requiring additions to tables since our 2008 report are underscored and amendments requiring deletions from

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  • Commercial Legal Issues under Long Term Contracts

     · have referred. The case involving the iron ore royalty arose because during the life of the contract techniques of beneficiation of ore were developed which enabled ore which was not considered saleable at the time the contract was entered into to be improved in quality and sold so

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  • BUSHVELD MINERALS LIMITED

     · Potential to extract additional value from the 650 000 tonnes per annum of iron-rich calcine dumps ( 54 Fe 0.27 V2O5 11.4 TiO2) Ability to convert V2O5 flake output to higher value product such as ferro-vanadium Scope for processing the high-grade ore

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  • REINECKE Collector of Internal Revenue v. SPALDING

     ·  That for the year 1917 a correct calculation under the rule above shows that upon the tons of ore extracted and paid for on January 14 1917 of the payment of 25¢ per ton 0.2095 was for selling price or principal and 0.0405 was interest on the deferred payments and that on the 330 507 tons extracted the plaintiff was entitled to depletion

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  • Hardrock Mining Updated Information on State Royalties

     · Source GAO analysis of prior report (GAO Hardrock Mining Information on State Royalties and Trends in Mineral Imports and Exports GAOR (Washington D.C. July 21 2008)) state statutes regulations expert literature and interviews with selected experts.Amendments requiring additions to tables since our 2008 report are underscored and amendments requiring deletions from

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  • Auction of Mineral Blocks in OdishaMSTC E-Commerce

     · the payment of royalty or dead rent as applicable. Royalty on Iron Ore as per MMDR Act 15 of Average sale price on ad valorem basis. As per MCDR 2017 CHAPTER VI Notices and Returns 45. Monthly and annual returns.(8) In case of mining of minerals by the holder of a mining lease the– (a) sale value is

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  • Tax Insights from India Tax Regulatory Services CBEC

     · royalty paid on extracted coal) due after 1 April 2016 will be taxable. The Circular has provided examples for determination of date on which payment for service provided by the Government becomes due. It also provides illustrations of how CENVAT credit of service tax paid on assignment of right to use natural resources is to be claimed.

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  • GST on royalty paid in respect of mining lease

     · Since Iron Ore attract 5 GST Rate royalty paid for mining of Iron Ore will attract 5 GST Rate. 3.6 District Mineral Foundation (DMF) is a trust set up as a non-profit body in those districts where mining operations are carried out. The objective of the District Mineral Foundation is to work for the interest and benefit of persons and

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  • GST on royalty paid in respect of mining lease

     · Since Iron Ore attract 5 GST Rate royalty paid for mining of Iron Ore will attract 5 GST Rate. 3.6 District Mineral Foundation (DMF) is a trust set up as a non-profit body in those districts where mining operations are carried out. The objective of the District Mineral Foundation is to work for the interest and benefit of persons and

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  • Royalty on Iron ore -An overview with a special reference

     · Royalty on Iron ore -An overview with a special reference to India Dr. P. K. Jain China is the major factor upon which the expansion of the by beneficiation and/ or concentrate of low grade less Rs. 0.50/- per tonne 1992 1) Ore lumps

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  • Auction of Mineral Blocks in OdishaMSTC E-Commerce

     · the payment of royalty or dead rent as applicable. Royalty on Iron Ore as per MMDR Act 15 of Average sale price on ad valorem basis. As per MCDR 2017 CHAPTER VI Notices and Returns 45. Monthly and annual returns.(8) In case of mining of minerals by the holder of a mining lease the– (a) sale value is

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  • Tax Insights from India Tax Regulatory Services CBEC

     · royalty paid on extracted coal) due after 1 April 2016 will be taxable. The Circular has provided examples for determination of date on which payment for service provided by the Government becomes due. It also provides illustrations of how CENVAT credit of service tax paid on assignment of right to use natural resources is to be claimed.

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  • Entangled histories Iron ore mining in Canada and the

     · Iron ore in the Lake Superior basin fell into two broad types high-grade ores (often called "direct shipping ores" because such ores required minimal processing before shipping) and low-grade ores which required expensive beneficiation an expensive and technically challenging process involving crushing screening grinding magnetic separation filtering and finally drying (Manuel 2013

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  • Sec. 93.20 MN Statutes

    Assuming that the royalty rate for the lowest grade of ore with analysis 25.49 percent or less is 18 cents per ton the rate will be 18.9 cents per ton for all dried iron analyses higher than 25.49 percent but less than 26.50 percent 19.85 cents per ton for all dried iron analyses higher than 26.49 percent but less than 27.50 percent and so

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  • REINECKE Collector of Internal Revenue v. SPALDING

     ·  That for the year 1917 a correct calculation under the rule above shows that upon the tons of ore extracted and paid for on January 14 1917 of the payment of 25¢ per ton 0.2095 was for selling price or principal and 0.0405 was interest on the deferred payments and that on the 330 507 tons extracted the plaintiff was entitled to depletion

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  • M/S.MIDEAST INTEGRATED STEEL LTD. ANR.

     · Levy of royalty for processed minerals i.e. Calibrated Lump Ore (CLO) by the State Government challengedRule 64-B and Rule 64-D of the M.C.Rules 1960 have to be harmoniously read with section 9 of the Act so as not to allow any particular form of iron ore to escape royalty at the prescribed rate by its conversion into another form i.e.

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  • The mining sector of Liberia current practices and

     · Liberia is endowed with an impressive stock of mineral reserves and has traditionally relied on mining namely iron ore gold and diamonds as a major source of income. The recent growth in the mining sector has the potential to contribute significantly to employment income generation and infrastructure development. However the development of these mineral resources has significant

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  • Mineral Resources Iron Ore Distribution In IndiaUPSC

     · Iron Ore. Iron ores are rocks and minerals from which metallic iron can be extracted. India has large iron ore reserves. It occurs in various geological formations but major economic deposits are found in volcano-sedimentary Banded Iron Formation (BIF) from the Precambrian age. Magnetite is the finest iron ore with a very high content of iron up to 72 percent.

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  • Commercial Legal Issues under Long Term Contracts

     · have referred. The case involving the iron ore royalty arose because during the life of the contract techniques of beneficiation of ore were developed which enabled ore which was not considered saleable at the time the contract was entered into to be improved in quality and sold so

    Chat Online
  • GST on royalty paid in respect of mining lease

     · Since Iron Ore attract 5 GST Rate royalty paid for mining of Iron Ore will attract 5 GST Rate. 3.6 District Mineral Foundation (DMF) is a trust set up as a non-profit body in those districts where mining operations are carried out. The objective of the District Mineral Foundation is to work for the interest and benefit of persons and

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  • SEC.gov HOME

     · Lessee at the time of such royalty payment shall transmit to the Lessor an exact and truthful statement of the amount of iron ore shipped or removed during the three calendar months for which such payment shall be made showing the iron ore shipped in its natural condition without treatment the tonnage of crude ore mined and the tonnage of

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  • REINECKE Collector of Internal Revenue v. SPALDING

     · 11 That the value or market price of said ore in the ground untouched and unextracted on March 1 1913 and on all dates subsequent thereto exceeded the sum of twenty-five cents per ton so that every ton of ore paid for under said leases in the year 1917 was disposed of at a price actually less than market prices of the ore and if then sold free of said lease would have realized more than

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  • MINING REGULATIONS 1981

     · Royalty return 86. Rates of royalty 86AA. Rates of royalty in respect of gold 86AB. Royalty value for nickel and for cobalt and copper sold as a nickel by‑product 86AC. Rates of royalty for ilmenite feedstock 86AD. Royalty value of iron ore 86AE. Rates of royalty for lithium feedstock and sales to related parties 86A.

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  • Mines and Minerals (Development and Regulation)

     · Equivalent to the royalty payable. Equivalent to two hundred per cent. of the royalty payable 3. Iron ore (i) Lumps ROM and concentrates (ii) Fines Equivalent to two hundred and fifty per cent. of the royalty payable. Equivalent to one hundred and fifty per cent. of the royalty payable 4. Limestone i) L.D. Grade (less than 1.5 per cent

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  • Bmm Ispat Limited vs Monitoring Committee on 31 October

    the Iron Ore within the State of Karnataka which is a mineral rich State in our Country and a copy of the order passed by the Hon ble Supreme Court dated 23.09.2011 in Samaj Parivatana Samudaya Others -vs- State of Karnataka Others (W.P.(Civil) No.562/2009) in I.A.No.22 is placed on record. 2.

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  • The Minerals Resource Rent Tax—selected concepts and

    This change also reflects the fact that iron ore fines account for the majority of the State s iron ore shipments and are no longer considered an inferior product in the global market. This reform is expected to increase royalty income by 378 million in and by

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  • Tata Steel Ltd vs Uoi Ors on 17 March 2015

     · Different processes have been developed by science and technology and accepted and adopted in different iron ore projects for the purpose of beneficiation." 18 It is for this reason inter alia that the levy of royalty on iron ore is postponed as held in NMDC to a post-beneficiation stage.

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  • Red Rock Resources plc IPO of Juno Minerals LimitedADVFN

     · The Company also has a 1.3 gross revenue royalty over the Mt Ida iron ore project. Anglo-Pacific Group plc has an obligation to purchase 0.45 of this royalty interest from Red Rock for 8m upon the achievement by Jupiter of certain milestones in relation to Mt Ida namely (a) a definitive feasibility study and decision to proceed and (b

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  • Tax Insights from India Tax Regulatory Services CBEC

     · royalty paid on extracted coal) due after 1 April 2016 will be taxable. The Circular has provided examples for determination of date on which payment for service provided by the Government becomes due. It also provides illustrations of how CENVAT credit of service tax paid on assignment of right to use natural resources is to be claimed.

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  • Iron Ore (Mount Goldsworthy) Agreement Act 1964

     · Iron Ore (Mount Goldsworthy) Agreement First Schedule As at 07 Feb 2014 Version 02-a0-06 page 7 Published on legislation.wa.gov.au secondly have carried out certain investigations relating to the mining from that mining area of iron ore and the transport by rail and shipment of that ore thirdly desire to enter into a contract or

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  • Auction of Mineral Blocks in OdishaMSTC E-Commerce

     · the payment of royalty or dead rent as applicable. Royalty on Iron Ore as per MMDR Act 15 of Average sale price on ad valorem basis. As per MCDR 2017 CHAPTER VI Notices and Returns 45. Monthly and annual returns.(8) In case of mining of minerals by the holder of a mining lease the– (a) sale value is

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  • Red Rock Resources plc IPO of Juno Minerals LimitedADVFN

     · The Company also has a 1.3 gross revenue royalty over the Mt Ida iron ore project. Anglo-Pacific Group plc has an obligation to purchase 0.45 of this royalty interest from Red Rock for 8m upon the achievement by Jupiter of certain milestones in relation to Mt Ida namely (a) a definitive feasibility study and decision to proceed and (b

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  • SEC.gov HOME

     · Lessee at the time of such royalty payment shall transmit to the Lessor an exact and truthful statement of the amount of iron ore shipped or removed during the three calendar months for which such payment shall be made showing the iron ore shipped in its natural condition without treatment the tonnage of crude ore mined and the tonnage of

    Chat Online
  • REINECKE Collector of Internal Revenue v. SPALDING

     ·  That for the year 1917 a correct calculation under the rule above shows that upon the tons of ore extracted and paid for on January 14 1917 of the payment of 25¢ per ton 0.2095 was for selling price or principal and 0.0405 was interest on the deferred payments and that on the 330 507 tons extracted the plaintiff was entitled to depletion

    Chat Online
  • Tata Steel Ltd. Vs. Union of India Ors. March 17 2015

    68. Iron ore (with which NMDC is concerned) falls in the same generic category for levy of royalty as dolomite limestone and coal namely on a tonnage basis but there is a crucial difference between iron ore and coal (as also between dolomite limestone and iron ore). In the case of iron ore beneficiation is necessary before it can be utilized.

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  • Update on Jupiter MinesCompany AnnouncementFT

     · The Central Yilgarn Iron Ore Project consists of (a) the Mt Ida magnetite deposit where a 1.23 bn ton JORC compliant Indicated Resource of 29.79 Fe in its Central Zone capable of beneficiation to a 66.65 concentrate and a JORC compliant Inferred Resource of 615m tons at 28.86 in the Northern and Southern Zones was announced by Jupiter on

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