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Section 4: Claims for exploration expenditure

Reimbursement of Exploration Expenditure Rules, 2022Central Rules · 1957

(1) A claimant may submit a claim for reimbursement of expenditure incurred towards reconnaissance or prospecting operations to the State Government in the Form set forth in Schedule I to these rules within a period of one year from the date of commencement of these rules with an intimation to the National Mineral Exploration Trust:

Provided that in cases where the period of permit or licence had not expired before the date of lapse,—

(a) the claimant may submit the claim within a period of one year from the date of expiry of the period of permit or licence or date of commencement of these rules, whichever is later; or

(b) the claimant may submit a claim of the expenses incurred by it till the date of lapse after surrendering such permit or licence to the State Government, within the said period of one year from such surrender or date of commencement of these rules, whichever is later.

(2) The claimant shall enclose with its claim application, the following, namely:—

(a) the documents necessary to prove payments or expenditure incurred towards exploration activities undertaken, like bank statements, discharged payment slips, vouchers or invoices with acknowledgement of settlement, or receipts of payment or other such documents; and

(b) certificate of chartered accountant to the effect that the claim has been duly verified by him.

(3) The State Government shall not proceed with the claims submitted after the period specified in sub-rule

(1):

Provided that the State Government may allow a further period of one year for filing a claim, if the reasons for delay were beyond the control of the claimant.

Where this provision sits

ActReimbursement of Exploration Expenditure Rules, 2022
Section4
Marginal noteClaims for exploration expenditure
JurisdictionCentral
StatusIn force as published by the source

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