Accountancy, asked by Devansy1035, 3 days ago

Mining royalties is based on

Answers

Answered by Aʙʜɪɪ69
0

Explanation:

The federal government specifies the royalty payments for each mineral and the state government collects the royalty on mining. Royalty in most cases is charged on an ad valorem basis as a percentage of the price notified by the government. Any enhancement to the royalty can only be made once every three years.

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