Amendment status not verified — confirm the current text below against the official source.
13 By order dated 02.09.2011 and 23.9.2011, the Supreme Court in WP(C) 562 of 2009 directed that the Monitoring Committee shall collect Forest Development Tax (FDT) “as applicable”. Accordingly, all buyers of iron ore, extracted from the leases in forest area (including the petitioners before the Karnataka High Court in W.P. No. 2642 of 2009 and other connected matters), 1964: KAR. ACT 5] Forest 355 have paid Forest Development Tax (FDT) at the rate of 12% to the Monitoring Committee without any protest or demur. No application was ever made to seek a clarification that the applicable rate of Forest Development Tax (FDT) was 8% and not 12%. Accordingly it has been uniformly accepted that Forest Development Tax (FDT) would be 12%. The petitioners before the Karnataka High Court have also restricted their claim only for the period before 23.09.2011. Thus, the rate of Forest Development Tax or Forest Development Fee is retrospectively amended to be 12% from the 16th day of August, 2008. Rules for computing Forest Development Fee. 14 The rules or guidelines for computing Forest Development Fee are also being finalised. These rules will also have to be applicable retrospectively from 16th day of August, 2008. Accordingly clause 3 of the Bill enables such rules to be inserted with retrospective effect. Hence the Bill. [L.A. Bill No. 23 of 2016, File No. Samvyashae 32 Shasana 2016] [Entry 17A and 47 of List III of the Seventh Schedule to the Constitution of India.] Forest [1964: KAR. ACT 5 356 1[KARNATAKA ACT]1 No. 5 OF 1964. (First published in the 1[Karnataka Gazette]1 on the Twenty-seventh day of February, 1964.) THE 1[KARNATAKA]1 FOREST ACT, 1963. (Received the assent of the President on the Twenty-eighth day of January, 1964.) (As Amended by Karnataka Acts 23 of 1974, 15 of 1976, 50 of 1976, 15 of 1978, 14 of 1980, 1 of 1981, 7 of 1983, 11 of 1984, 10 of 1989, 12 of 1998, 20 of 2000, 20 of 2001, 24 of 2009, 41 of 2015 and 23 of 2016.) An Act to consolidate and amend the law relating to forests and forest produce in the 1[State of Karnataka]1. WHEREAS it is expedient to consolidate and amend the law relating to forests and forest produce in the 1[State of Karnataka]1; BE it enacted by the 1[Karnataka]1 State Legislature in the Fourteenth Year of the Republic of India as follows:—