What are seigniorage charges?
Definition: Seigniorage is the difference between the value of currency/money and the cost of producing it. If the cost involved in its production crosses its value, then the government suffers a loss.
What is royalty on sand?
| Name of mineral with grade | Rate of Royalty (In Rs. per tonne or as a percentage of sale price on ad valorem basis) |
|---|---|
| Pyrophyllite | 20% |
| Quartz | 15% |
| Ruby | 10% |
| Silica sand, Moulding sand and Quartzite | 8% |
How can I get mining lease in Andhra Pradesh?
Applicant shall apply in the form prescribed in FORM B by duly paying a fee of Rs. 5000 as application fee, Rs. 500 as Survey charges and deposit amount of Rs. 10,000 per hectare.
What are the important mineral deposits in Telangana?
Telangana is the leading producer of barytes, dolomite, feldspar, laterite, limestone, Quartz and Sand (others). It accounts for 47% kyanite, 29% corundum, 10% fuller’s earth and 9% limestone resources of the country.
How are seigniorage charges calculated?
Seigniorage is determined by the difference between the face value of the currency and the cost of producing it.
What is the difference between royalty and seigniorage?
In law, there is no distinction or difference between royalty and seigniorage fee. Both reflect the sovereign right of the State to collect sums from the grantee for privilege to quarry minerals. It is only in exercise of that delegated power the State has levied seigniorage fee for extraction of the minerals.”
How do you find royalty?
Use a formula to calculate the royalties. Multiply the royalty percentage by the price of the book. Then multiply that amount by the number of books sold. For example: 6 percent royalty x $7.95 price = $0.48 x 10,000 sold = $4,800 royalties earned.
What is mining lease permit?
This is an exploration licence for a particular mineral(s) over a particular land area which, by law, should not exceed 22 square kilometres. Once granted, the area is held exclusively to the company, which will now confidently invest in mineral exploration work on the area without hindrance.
What is mining lease?
Mining Lease means a lease, license or other use agreement which provides the Company or any Restricted Subsidiary the real property and water rights, other interests in land, including coal, mining and surface rights, easements, rights of way and options, and rights to timber and natural gas (including coalbed methane …