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ROYALTY CALCULATION MECHANISM
What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...- India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...
- Supreme Court asks govt to final decision on case regarding royalty computation of mineralsThe Supreme Court has urged the Indian government to make a final decision regarding the calculation of royalty on minerals. The court high...
- Iron ore may be pegged to global pricesAt present, the government accepts self-declaration of price by mining companies on the basis of sampling by authorised labs. The Indian Bu...
- India's oil ministry seeks windfall tax review; asks for exemption for some oil blocksIn a letter dated August 12, reviewed by PTI, the oil ministry has sought the exemption from the two-and-half-month old levy for the oil fi...
- Government looking to address 'issues, shortcomings' in fixation of average sale price of mineralsThe government has also sought suggestions from various stakeholders to overcome the issue till the National Mineral Index (NMI) is formula...
- FIMI urges Centre to continue with present system of average sale price by IBMMiners' body FIMI has urged the Centre to continue with the present system of average sale price published by Indian Bureau of Mines (IBM) ...
- FIMI urges ministry to continue with the system of Average Sale Price published by IBMNMI is expected to form the basis of all statutory payments in mining such as auction premium, royalty, District Mineral Foundation (DMF) a...
- Fitch sees no change in OIL rating post royalty math revisionAs per Fitch estimate, OIL will need to pay a one-time royalty fee of around Rs 1,150 crore, amounting to about a quarter of its projected ...
- Subsidy burden to come down for ONGC, OILThe twin measures would ensure a predictable return for the oil producers and help them plan their investment for exploration.
- ONGC to appeal against Gujarat High Court orderThe Gujarat High Court had last week directed ONGC to pay royalty on crude oil on the gross price it bills to refiners.
- Govt mulls new price formula for patented drugsThe Department of Pharmaceutical has come up with a formula to price patented drugs in order to end a constant irritant for global drug mak...
- ONGC won't pay royalty to Cairn unless it’s cost recoverable: VasudevaA clause in the production sharing contract makes it clear that royalty costs can be recovered from the field’s revenue, says ONGC offshore...
- Oil min wants Vedanta to surrender its rights, disputesIn a move that is being seen as fresh arm-twisting, the Oil Ministry wants Vedanta Resources to surrender all its rights in past and future...
- Oil Ministry sets 11 preconditions for Vedanta-Cairn dealSources said the ministry also wants Vedanta to agree to consider royalty paid on crude oil produced from Rajasthan block in the project co...
- Mining firms may have to pay compensation from Day 1Once the project starts making profits, the displaced families will be provided an annuity income from the net income, but this could take ...
- Mining Bill aims at providing lifetime livelihood support for affected personsThe government has introduced a new provision in the draft mining regulation that will make it mandatory for companies to share a portion o...
- RIL need not pay royalty on marketing margin: DeoraDeora said marketing margin arises as a result of Gas Sale and Purchase Agreement (GSPA) signed between the seller and the buyer and was mu...
- RIL may remain under pressure in near termShares of RIL could remain under pressure in the near term, following downgrades in price target and earnings by brokerage houses in the wa...
- No advance ruling on transfer pricingIt's a clear verdict. Foreign parent companies receiving payments from their wholly-owned subsidiaries in India will not get an advance rul...
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