India: Supreme Court upholds higher royalty on iron ore dispatches after statutory revision

Source: BigMint Jun 10, 2026 08:51

Supreme Court clarifies applicability of revised royalty rates. Centre's royalty hike from 10% to 15% triggers litigation

The Supreme Court has held that buyers of iron ore are liable to pay the royalty rate prevailing at the time of mineral dispatch, even if the auction was concluded and payments were made before a subsequent statutory increase in royalty. A bench comprising Justices Sanjay Karol and N. Kotiswar

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