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Inter-Ministerial Prakas No.516 on Budget for Promoting and Strengthening Mineral Revenue Collection Mechanism
This Prakas allows the Ministry of Mines and Energy to deduct 10% (ten percent) of mineral resource royalties (referred to as "Deposits") to be used as an incentive and to strengthen the mobilization mechanism. 90% (ninety percent) of the remaining 90% (ninety percent) of the remaining mineral royalties shall be paid into the budget of the State.
Additional Information
| Field | Value |
|---|---|
| Last updated | September 11, 2023 |
| Created | September 11, 2023 |
| Format | |
| License | License not specified |
| Name | Inter-Ministerial Prakas No.516 on Budget for Promoting and Strengthening Mineral Revenue Collection Mechanism |
| Description |
This Prakas allows the Ministry of Mines and Energy to deduct 10% (ten percent) of mineral resource royalties (referred to as "Deposits") to be used as an incentive and to strengthen the mobilization mechanism. 90% (ninety percent) of the remaining 90% (ninety percent) of the remaining mineral royalties shall be paid into the budget of the State. |
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