Question : LOSS OF REVENUE ON STAMP DUTY



(a) whether the States are suffering loss of revenue on account of registration and stamp duty in the absence of any kind of contract with the coai companies;

(b) if so,the details thereof;

(c) whether the Government proposes to repeal the Coal Bearing Areas Act, 1957 for this purpose;and

(d) if so, the action taken by the Government in this regard?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF COAL(SANTOSH BAGRODIA)

(a) to (d) Land under the Coal Bearing Areas (Acquisition and Development) Act, 1957 (CBA (A&D)Act, 1957) is acquired by complying with all the provisions of the said Act.The question of any loss of revenue on account of registration and stamp duty to the States does not arise.State Governments earn revenue on coal removed or consumed by coal companies in the form of royalty/dead rent etc. Land for coal mining is mainly acquired under the provisions of the CBA (A&D) Act,1957 and at present the Government has no proposal to repeal the said Act.