Amendment status not verified — confirm the current text below against the official source.
(1) The holder of a mining lease granted on or after the commencement of these rules shall pay royalty in respect of any mineral removed by him from the land in respect of which the lease has been granted at the rates specified in schedule I in respect of the mineral. [[(IA) The holder of quarrying lease for Granite Building Stone may opt for the Consolidated Royalty Payment System as per schedule V provided the leaseholder is not having metal crusher unit]. 2l(IB) The holder of a quarrying lease for extraction and removal of Granite Dimension Stones as specified in item 3 of Schedule 1 of these rules may opt for the payment of consolidated royalty at the rates specified in Schedule VI. The period of movement permit for removal of Dimension Stones on payment of such royalty shall be for the financial year for which it is granted and the period shall expire on the 31st of March every year unless it is rescinded by the competent authority earlier.] (2) The State Government, by notification in the Official Gazette, amend the schedule I, so as to enhance or reduce the rate at which royalty shall be payable in respect of any mineral with effect from such date as may be specified in the notification. Inserted by SRO 270/2008. Inserted by SRO 660/2011.