VVM's total export is only 62 Lakhs M.Ton. Balance 36 Lakhs M.Ton royalty suffered material is with VVM

In the approved mining plan itself, the lessee has to mention the method of mining and the method of processing etc., which was duly approved by Govt., of India itself. In the MCR, 2016, it is specifically mentioned that in case the minerals are processed outside the lease area, the royalty to be paid for ROM by calculating the heavy mineral percentage.  The above said rule further specify that, while transporting the mineral from the lease area, the lessee has pay the royalty for tentative quantity and at the time of finalization of royalty accounts in the year end, the difference of royalty to be remitted. Hence in case any variation in terms of royalty, it has to be collected at the time of settlement of royalty account at year ending. Moreover the royalty accounts will be scrutinized by the Accountant General and if he found any short collection, it will be collected from the lessee as directed by the Accountant General. 

All the VV Mineral mining leases are within the CRZ area. Hence Govt., of India impose a condition that, the processing plant should be outside the CRZ area. Accordingly VV Mineral erected the processing plants outside the CRZ area and remit royalty well in advance. From 2000 to 2013 VV Mineral transported total 98 Lakhs M.Tons of heavy mineral sands with valid transport permit to their processing plants. Till now they have exported only 62 Lakhs M.Ton alone and other quantities are available in the factories itself. Since these all are royalty suffered materials, the ownership goes to the lessee according to the Supreme Court Judgement in Kaveri Chetti case.

Due to Business rivalry, the people who could not able to compete with VV Mineral in terms of quality will make false complaints against VV Mineral. Whenever such complaints were received, the authorities will enquire about the same and reject the complaints.