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The new formula of stamp duty and registration fee calculation for the coal blocks re-allocated had resulted in the non-execution of lease deed, stranding the mining operations even as nearly six months had passed after the mines were handed over to the new owners.

Source: Business Standard

SNP Insight

The impending pressures by the private developers for waving off increase in stamp duty and registration fees has in turn become an intricate issue stalling the operation of captive coal mines. The mounting delays may in turn increase dependance on imports for the developers. The increase cost can certainly hamper the companies which took to aggressive bids for securing coal blocks. In due course of time it will be interesting to see how these companies manage to secure their coal supplies and its associated costs.

Source: SNP Infra Research