the Central Government through circular dated 10th June, 2021 has issued the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2021. The provisions governing shortfall in dispatch by lessee as per the rules is amended. The amendment provides that:
- If it is found that the lessee has dispatched more than or equal to the minimum dispatch required under the rules for that year as a whole, then any amount paid by lessee for the shortfall in dispatch in any quarter or quarters of that year shall be adjusted with the amounts to be paid for the last quarter of that year.
- Where the lessee does not maintain minimum dispatch required for the year as a whole under the rules, the State Government may terminate such lease after giving the lessee a reasonable opportunity of being heard.
The amendment shall come into force on the 1st day of July, 2021.
