Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act : PAYMENT OF FURTHER

Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act,1987

Act No : 16

Section : PAYMENT OF FURTHER AMOUNT

SECTION 07: PAYMENT OF FURTHER AMOUNT

(1) There shall also be given by the Central Government, in cash, to every concession holder specified in the second column of the First and the Second Schedules, simple interest at the rate of four per cent per annum on the amount specified against such concession holder in the corresponding entry in the eighth column of the First Schedule and the ninth column of the Second Schedule, as the case may be, for the period commencing on the date of assent and ending on the date of payment of such amount to the Commissioner.

(2) The amount referred to in sub-section (1) shall be in addition to the amount specified in the First Schedule or the Second Schedule, as the case may be.