STAMP DUTY, REGISTRATION FEE
POST NEWS NETWORK
Bhubaneswar, May 6: With miners agreeing to sign supplementary lease deeds paying stamp duty, the state government is expecting a revenue generation of Rs 700crore on this count. “We are expecting to get around Rs 700crore from the lessees in terms of stamp duty and registration fees,” said mines director Deepak Mohanty.
Recently, the state government, while considering the recommendations of the inter-departmental committee, had allowed reopening of 29 mines, including 26 which had remained closed following a Supreme Court verdict in May, 2014. Of these, 25 are iron and manganese ore mines. The mines will be reopened as per the provisions of the new Mines and Mineral (Development and Regulation) Act, 2015 which allowed operation of the non-captive mines till 2020 and captive mines till 2030 as per sections 8(A) 5 and 8(A) 6.
However, with owners of these mines seen reluctant to go for supplementary lease deeds before restarting their mines protesting the 7 per cent stamp duty, steel and mines minister Prafulla Kumar Mallik warned them Monday that the state government will look for “alternative steps” if companies failed to make fresh agreements within 90 days.
A day after the warning came, supplementary lease deeds for 10 mines in Sundargarh belt were signed by miners such as Rungta Group, Orissa Manganese & Minerals Ltd (OMM) and Aryan Mining & Trading Corporation Ltd (AMTC).
The KJS Ahluwalia, Kaypee Enterprises, Kalinga Mining Corporation and KN Ram & Company are also expected to sign the supplementary lease deeds at the earliest. “While 10 mining lease holders have already signed the lease deeds Tuesday, others will also come into the pact with the state government in the coming days,” said the mines director.
