https://www.taxtmi.com/caselaws?id=171535 Delayed royalty attracted interest under the mining lease framework because Rule 64A of the Mineral Concession Rules and Form K of the lease expressly provided for simple interest, supported by the rule-making power in the 1957 Act; the liability was treated as both statutory and contractual. Enhanced royalty also carried interest from purchasers or consumers, as it formed part of the price structure and interest was recoverable as compensation and on restitution where interim restraint orders had delayed payment; the reduced rate fixed at 12% per annum was left undisturbed. en-us Mon, 13 Oct 2003 00:00:00 +0530 Thu, 25 Sep 2025 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171535 Delayed royalty attracted interest under the mining lease framework because Rule 64A of the Mineral Concession Rules and Form K of the lease expressly provided for simple interest, supported by the rule-making power in the 1957 Act; the liability was treated as both statutory and contractual. Enhanced royalty also carried interest from purchasers or consumers, as it formed part of the price structure and interest was recoverable as compensation and on restitution where interim restraint orders had delayed payment; the reduced rate fixed at 12% per annum was left undisturbed. Case-Laws Indian Laws Mon, 13 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171535