Ministry of Mines issued a notification regarding amendments in the Offshore Areas Mineral (Development and Regulation) Act, 2002

Oct 31, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Mines on October 29, 2024, issued a notification regarding amendments in the Offshore Areas Mineral (Development and Regulation) Act, 2002.

The following has been stated: -

•The Central Government has amended the First Schedule of the Offshore Areas Mineral (Development and Regulation) Act, 2002. 

•After item 1 and the entries relating thereto, the following item and entries shall be inserted, namely:— 

1A. Construction Sand Forty rupees per tonne.

•For item 2 and the entries relating thereto, the following item and entries shall be substituted, namely:— 

2. Dolomite Fifty rupee per tonne.

•In item 3, for the words “sale price”, the words “average sale price” shall be substituted.

The detailed notification is given in the document below.

[Notification No. S.O. 4760(E).]

 


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