Top Report on Indias Mining Fiscal Regime H2 2014

ResearchMoz.us include new market research report " India’s Mining Fiscal Regime H2 2014: Industry Size Shares Growth Analysis Trends And Forecast" to its huge collection of research reports.

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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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.

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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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

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