(1) On receipt of assessment report from the Reimbursement Assessment Committee, the State Government shall forward the report along with its recommendations on the same to the National Mineral Exploration Trust established under section 9C of the Act.
(2) The entire process of verification of the claim by State Government under rule 5, assessment by Reimbursement Assessment Committee under rule 7 and forwarding of approved assessment report by the State Government to the Trust under sub-rule (1) shall be completed within a period of three months from the date of receipt of the claim under rule 4.
(3) The Technical-cum-Cost Committee of the National Mineral Exploration Trust shall verify whether reimbursement amount assessed by the Reimbursement Assessment Committee is in accordance with subrule (3) of rule 7 and finalise the reimbursement amount payable with such modification as may be required:
Provided that the eligibility of the claimant as verified by the State Government under rule 5 shall be final.
(4) The National Mineral Exploration Trust may, after such verification, release the finalised amount to be reimbursed along with the interest calculated in accordance with sub-rule (5) of rule 7, in favour of the Director in the Directorate or Department of Mining and Geology of the State Government (by whatever name called) of the State Government within three months from the receipt of assessment report from the State Government, subject to availability of fund with the Trust.
(5) The Director in the Directorate or Department of Mining and Geology of the State Government (by whatever name called) shall further release the finalised amount to the claimant within one month from the receipt of the amount from the National Mineral Exploration Trust.