Shillong: Meghalaya Cabinet on Wednesday decided to raise the stamp duty on mining lease from 50 per cent to 100 per cent.
The government’s decision followed a Court’s order which required mining leaseholders to pay 100 per cent for the stamp duties against 50 per cent.
Earlier, the interpretation was that since the mining lease falls under the instrument of conveyance, Scheduled Tribe and Scheduled Caste would only need to pay 50 per cent of the stamp duty.
However, Meghalaya Chief Minister Conrad K Sangma said that was not the case and the court order said that mining lease stamp duty is not under instruments of conveyance. Hence, mining lease holders will have to pay 100per cent stamp duty.
“We are allowing them to pay half of it immediately and the rest by 31 March 2021,” said Sangma.