(aa)
where the mining lease is granted on the basis
of auction-
(i)
where the lease purports to be for a term less
than one year;
The same duty as a Bond (No. 15) for the whole
amount payable or deliverable under such lease.
(ii)
where the lease purports to be for a term of not
less than one year but not more than five years;
The same duty as a Bond (No. 15) for the amount
or value of the average annual royalty reserved.
(iii)
where the lease purports to be for a term
exceeding five years but . not exceeding ten years;
The same duty as a Conveyance (No. 23) for a
market value equal to the amount or value of one and, half times
the average annual royalty reserved.
(iv)
where the lease purports to be for )/a term
exceeding ten years but not / exceeding twenty years;
The same duty as a Conveyance (No. 23) for a
market value equal to three times the amount or value of average
annual royalty reserved.
(v)
where the lease purports to be for a term
exceeding twenty years but not exceeding thirty years;
The same duty as a Conveyance (No. 23) for a
market value equal to five times the amount or value of the
average annual royalty reserved.
(vi)
where the lease purports to be for a term
exceeding thirty years but not exceeding one hundred years;
The same duty as a Conveyance (No. 23) for a
market value equal to eight times the amount or value of the
average annual royalty reserved.
(vii)
where the lease purports to be for a term
exceeding one hundred years or in perpetuity;
The same duty as a Conveyance (No. 23) for a
market value equal to or one-fourth of the whole amount of
royalty which would be paid or delivered in respect of the first
twelve and half years of the lease.
(viii)
where the lease does not purport to be for any
definite term;
The same duty as a Conveyance (No. 23) for a
market value equal to three times the amount or value of the
average annual royalty, which would be paid or delivered for the
first ten years if the lease continued so long, and (c) of this
Article shall be Provided that nothing contained in clause (b)
applicable in respect of this clause.
Section 3 • Indian Stamp (Chhattisgarh Amendment) Act, 2015
3. Amendment of Schedule I-A.
indian-stamp-chhattisgarh-amendment-act-2015-2015-sec-3.json
•
Section 3
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"act_title": "Indian Stamp (Chhattisgarh Amendment) Act, 2015",
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"section_label": "Section",
"section": {
"number": "3",
"title": "3. Amendment of Schedule I-A.",
"chapter": null,
"content": "(aa)\nwhere the mining lease is granted on the basis\n\t\t\t\tof auction-\n(i)\nwhere the lease purports to be for a term less\n\t\t\t\tthan one year;\nThe same duty as a Bond (No. 15) for the whole\n\t\t\t\tamount payable or deliverable under such lease.\n(ii)\nwhere the lease purports to be for a term of not\n\t\t\t\tless than one year but not more than five years;\nThe same duty as a Bond (No. 15) for the amount\n\t\t\t\tor value of the average annual royalty reserved.\n(iii)\nwhere the lease purports to be for a term\n\t\t\t\texceeding five years but . not exceeding ten years;\nThe same duty as a Conveyance (No. 23) for a\n\t\t\t\tmarket value equal to the amount or value of one and, half times\n\t\t\t\tthe average annual royalty reserved.\n(iv)\nwhere the lease purports to be for )/a term\n\t\t\t\texceeding ten years but not / exceeding twenty years;\nThe same duty as a Conveyance (No. 23) for a\n\t\t\t\tmarket value equal to three times the amount or value of average\n\t\t\t\tannual royalty reserved.\n(v)\nwhere the lease purports to be for a term\n\t\t\t\texceeding twenty years but not exceeding thirty years;\nThe same duty as a Conveyance (No. 23) for a\n\t\t\t\tmarket value equal to five times the amount or value of the\n\t\t\t\taverage annual royalty reserved.\n(vi)\nwhere the lease purports to be for a term\n\t\t\t\texceeding thirty years but not exceeding one hundred years;\nThe same duty as a Conveyance (No. 23) for a\n\t\t\t\tmarket value equal to eight times the amount or value of the\n\t\t\t\taverage annual royalty reserved.\n(vii)\nwhere the lease purports to be for a term\n\t\t\t\texceeding one hundred years or in perpetuity;\nThe same duty as a Conveyance (No. 23) for a\n\t\t\t\tmarket value equal to or one-fourth of the whole amount of\n\t\t\t\troyalty which would be paid or delivered in respect of the first\n\t\t\t\ttwelve and half years of the lease.\n(viii)\nwhere the lease does not purport to be for any\n\t\t\t\tdefinite term;\nThe same duty as a Conveyance (No. 23) for a\n\t\t\t\tmarket value equal to three times the amount or value of the\n\t\t\t\taverage annual royalty, which would be paid or delivered for the\n\t\t\t\tfirst ten years if the lease continued so long, and (c) of this\n\t\t\t\tArticle shall be Provided that nothing contained in clause (b)\n\t\t\t\tapplicable in respect of this clause.",
"footnote": "",
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