Section 8: Bidding parameters

Q: What does Section 8 of The Mineral (Auction) Rules, 2015 (TMAR) deal with?

Section 8 TMAR pertains to "Bidding parameters". It is part of the The Mineral (Auction) Rules, 2015, a legislation enacted by the Parliament of India. Section 8 of The Mineral (Auction) Rules, 2015 (TMAR) governs bidding parameters. As verified on 19 May 2026.

Q: Is Section 8 TMAR still in force?

Yes, Section 8 of the The Mineral (Auction) Rules, 2015 is currently in force across the Republic of India.

Q: What is धारा 8 TMAR?

धारा 8 TMAR is the Devanagari Hindi reference for Section 8 of the The Mineral (Auction) Rules, 2015. Section 8 of The Mineral (Auction) Rules, 2015 (TMAR) governs bidding parameters. As verified on 19 May 2026.

Q: What is Dhara 8 TMAR?

Dhara 8 TMAR is the Roman Hindi reference for Section 8 of the The Mineral (Auction) Rules, 2015. "Dhara" means "Section" in Hindi. Section 8 of The Mineral (Auction) Rules, 2015 (TMAR) governs bidding parameters. As verified on 19 May 2026.

Q: How to cite Section 8 of The Mineral (Auction) Rules, 2015?

Cite as: "Section 8, The Mineral (Auction) Rules, 2015 (TMAR)" in legal briefs. For academic writing, use the BlueBook format: The Mineral (Auction) Rules, 2015, § 8 (India).

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(1)

The State Government shall specify in the tender document the minimum percentage of the value of mineral despatched, which shall be known as the "reserve price ".

(2)

The value of mineral despatched shall be an amount equal to the product of,-

(i) mineral despatched in a month; and

(ii) sale price of the mineral (grade-wise and State-wise) as published by Indian Bureau of Mines for such month of despatch.

(3)

The bidders shall quote, as per the bidding parameter, for the purpose of payment to the State Government, a percentage of value of mineral despatched equal to or above the reserve price and the successful bidder shall pay to the State Government, an amount equal to the product of,-

(i) percentage so quoted; and

(ii) value of mineral despatched.

(4)

Where an area is being auctioned for more than one mineral, the percentage of value of mineral despatched as quoted by the successful bidder under sub-rule (3) shall be applicable for the purpose of payment to the State Government in respect of each such mineral.

(5)

If subsequent to grant of a mining lease, one or more new minerals are discovered, the percentage of value of mineral despatched as quoted by the successful bidder under sub-rule (3) shall be applicable for the purpose of payment to the State Government in respect of each such mineral.