SC stays cases against miners’ payment towards social impact fund1 min read . Updated: 16 Aug 2016, 04:49 PM IST
The amended mining law stipulates that new and existing miners must pay 10% and 30% of their revenues, respectively
New Delhi: The Supreme Court on Tuesday stayed all cases at various high courts across the country relating to miners having to pay additional royalty under the amended Mines and Minerals (Development and Regulation) Act, 1957.
Justice Dipak Misra held that high courts where similar cases were being heard were at liberty to approach the Supreme Court. The case before the Delhi high court has already been transferred to the apex court.
Under the amended Mines and Minerals (Development and Regulation) Act, miners have to contribute towards a social impact fund called the district mineral foundation fund. As per the rule, new and existing miners must pay 10% and 30% of their revenues, respectively.
The Federation of Indian Mineral Industries (FIMI) had moved court after the government in September 2015 had said that miners must pay the royalties retrospectively from 12 January 2016.