The Assembly on Wednesday passed the Indian Stamp Odisha Amendment Bill ,2013 which made it legal the collection of stamp duty from the mines running under deemed extension in accordance with the provision of rule 24 A (6) of Mineral Concession Rules, 1960.
Replying to a discussion in the House, Revenue and Disaster Management Minister Surya Narayan Patro said that the stamp
duty as per the amendment shall be charged at the rate of 15 per cent of the amount of average royalty that would accrue out of the highest annual extraction of minerals permitted under the approved mining plan or mining scheme.
He said that in the new provision, the State Government was likely to get around Rs 1,000 crore during the next six months towards stamp duty from the deemed extension mines.
Patro stated that that as many as 323 deemed extension mines being operated without formal renewal at present would be served notices to pay the stamp duty at the rate of 15 per cent of the amount of average royalty.