The Ministry of Mines on June 3, 2022 has issued the Reimbursement of Exploration Expenditure Rules, 2022. This has come into force on June 3, 2022.
The following has been stated namely: -
• Claims for exploration expenditure — A claimant may submit a claim for reimbursement of expenditure incurred towards reconnaissance or prospecting operations to the State Government in the Prescribed Form within a period of one year from the date of commencement of these rules with an intimation to the National Mineral Exploration Trust.
• Verification by the State Government — On receipt of a claim application, the State Government shall verify the prescribed documents.
• Reimbursement — On receipt of assessment report from the Reimbursement Assessment Committee, the State Government shall forward the report along with its recommendations on the same to the National Mineral Exploration Trust.
• Recoupment — Notwithstanding the pendency of any claim in respect of any area, the State Government shall process for grant of mineral concessions in respect of such area.
[Notification No. G.S.R. 415(E)]
