RULE-108

BALOCHISTAN MINERAL RULES, 2002 BALOCHISTAN MINERAL RULES, 2002 [Gazette of Balochistan, Extraordinary, 9th March, 2002] No. S.O.(MR)4-6/2002, dated 8-1-2002.--In exercise of the powers conferred by section 2, of the Regulation of Mines and Oil-Fields and Mineral Development (Government Control) Act, 1948, (XXIV of 1948) the Government of Balochistan is pleased to make the flowing Rules:-- PART V FINANCIAL 108. Rentals. - (1) The holder of a mineral title or mineral concession shall pay an annual rental in respect of the area to which the mineral title or mineral concession relates in accordance with the Second Schedule, as may be amended from time to time by notification in the Official Gazette: (2) Payment of the annual rental pursuant to sub-Rule (1) in respect of a mineral title or mineral concession shall be made within thirty days after the date of the issue of the mineral title or mineral concession and thereafter shall be made on of first day of July of each fiscal year. (3) Where any person has failed to pay any amount of annual rental as required by this Rule, the following procedure shall be observed:- (i) the first two months shall be treated as grace period; (ii) penalty at the rate of 10% of royalty dues shall be charged in case the payment is made after the expiry of the second month next after the due date. (iii) In case dues along with penalty are not paid until the expiry of the fourth months after the date it first became due as stated in sub-rule (3) (i) above action as provided in Rule 57(1)(f) shall be initiated. (4) Where the holder of a mineral title or mineral concession surrenders a part of the area of land to which the title or concession relates, that holder shall be entitled to a proportionate reduction of rent, but such reduction shall not take effect during the half year in which the surrender takes place.