Mining industry worried over charges on transfer of captive mining lease

Experts have said such charges have had a chilling effect on all industries linked with mining

While the mining industry’s demand to exempt the transfer of captive mining leases from the levy of transfer charges is yet to be considered by the government, experts are of the view that the demand is crucial for the industry.

Industry association Assocham has requested the Centre for an exemption from the blanket levy of transfer charges on any transfer of a captive mining lease not obtained through an auction without any exemption on such levies on transfers within group companies where the effective management control of the mining lease does not change.

It said that the blanket ban imposed