Section 38: Sale Value

Mines and Minerals (Development and Regulation) Rules, 1957State Rules of Chhattisgarh · 1957

Sale value is the gross amount payable by the purchaser as indicated in the sale invoice where the sale transaction is on an arms’ length basis and the price is the sole consideration for the sale, excluding taxes, if any.

Explanation – For the purpose of computing sale value no deduction from the gross amount will be made in respect of royalty, payments to the District Mineral Foundation and payments to the National Mineral Exploration Trust.

Where this provision sits

Act	Mines and Minerals (Development and Regulation) Rules, 1957
Section	38
Marginal note	Sale Value
Jurisdiction	State of Chhattisgarh
Status	In force as published by the source

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