https://www.taxtmi.com/news?id=22834 Approval establishes a revenue-share auction for coal and lignite where bids are percentages of revenue payable to the government with a floor and defined increments; sale and utilization of coal are unrestricted. Monthly payments equal the bid percentage times the quantity of royalty-bearing coal times the higher of notional or actual price. An upfront amount based on estimated geological reserves is payable in instalments subject to upper ceilings. Commercial exploitation of Coal Bed Methane is permitted and revenue-share rebates are available for early production and for coal used in gasification or liquefaction. Tenure for coking coal linkage in the non-regulated sector is increased up to thirty years. en-us Wed, 20 May 2020 14:22:48 +0530 Wed, 20 May 2020 14:22:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22834 Approval establishes a revenue-share auction for coal and lignite where bids are percentages of revenue payable to the government with a floor and defined increments; sale and utilization of coal are unrestricted. Monthly payments equal the bid percentage times the quantity of royalty-bearing coal times the higher of notional or actual price. An upfront amount based on estimated geological reserves is payable in instalments subject to upper ceilings. Commercial exploitation of Coal Bed Methane is permitted and revenue-share rebates are available for early production and for coal used in gasification or liquefaction. Tenure for coking coal linkage in the non-regulated sector is increased up to thirty years. News - Wed, 20 May 2020 14:22:48 +0530 https://www.taxtmi.com/news?id=22834