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The Supreme Court on Wednesday reserved its order on the issue of whether royalty levied by the Centre on mines and mineral-bearing lands since 1989 https://t.co/m2tYUwB3yZ . . . #supremecourt | #mines | #minerals | #royaltylevied | #minesandminerals | #indianews | #indiaupdates…
Centre Opposes Pleas Seeking Refund Of Royalty On Minerals To States Retrospectively https://t.co/noRm54kYRD
The Centre on July 31 opposed in the Supreme Court a plea of the mineral-rich States seeking a refund of the royalty levied by it on mines and mineral-bearing land since 1989. https://t.co/khpuVfXYEI
On July 29, the Supreme Court of India, in an overwhelming majority of 8:1, declared that the royalty charged on mining is not a tax, affirming that states are competent to levy taxes on mineral rights. This ruling comes in the context of a decades-old case involving the Centre and mineral-rich states. On July 31, the Centre opposed pleas in the Supreme Court seeking a refund of the royalty levied on mines and mineral-bearing lands retrospectively since 1989. The Supreme Court has reserved its order on this matter.
