India to revisit captive mine transfer charge

June 29, 2017

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The Indian government will take a relook at charges liable to be paid to the government for cases where captive mines were transferred outside the auction process. An official said that the Mines Ministry has received several industry representations seeking exemptions from payment of such transfer charges as it has a negative impact on corporate functioning and, hence, the government has an “open mind” on revisiting the issue.

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