Draft Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Amendment Rules, 2021

Feb 22, 2021 | by Avantis RegTech Legal Research Team

Loading audio.....

Industry Specific Compliance

The Ministry of Mines (MoM) have issued the “Draft Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Amendment Rules, 2021” to further amend the “Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016”.

Following are the key highlights of the draft notification:

• Insertion of proviso after sub-rule (i) of rule 44;

“Provided that in respect of metals for which LME does not publish the daily settlement price, the monthly average price for that metal published by LME shall be multiplied by monthly average of reference rate for the currency in which the price is obtained”.

• The comments/suggestions may be sent by e-mail in MS-Office Word to the following ID: [email protected]

The subject of the e-mail should be “Comments or suggestions on the draft Minerals (Other than Atomic and Hydrocarbons Energy Minerals) Concession Amendment Rules, 2021.

• Alternatively, comments/suggestions may also be sent by post to the following address:

Mustaq Ahmad, Director Ministry of Mines Room No 313, D Wing Shastri Bhawan Dr Rajendra Prasad Road New Delhi -110 001

The envelope may kindly be superscribed on the top with: “Comments/suggestions on the draft Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Amendment Rules, 2021”.

• The last date to provide the comments or suggestions is March 21, 2021.

 


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.