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Code of Federal Regulations Title 30. Mineral Resources § 30.1206.455 What records must I keep in order to support my calculations of royalty under this subpart?

Current as of January 02, 2025 | Updated by Findlaw Staff

If you value your coal under this subpart, you must retain all data relevant to the determination of the royalty that you paid. You can find recordkeeping requirements in parts 1207 and 1212 of this chapter.

(a) You must show:

(1) How you calculated the royalty value, including all allowable deductions;  and

(2) How you complied with this subpart.

(b) Upon request, you must submit all data to ONRR, the representative of the Indian lessor, the Inspector General of the Department of the Interior, or other persons authorized to receive such information. Such data may include arm's-length sales and sales quantity data for like-quality coal that you or your affiliate sold, purchased, or otherwise obtained from the same mine, nearby mines, same region, or other regions. You must comply with any such requirement within the time that ONRR specifies.

 1

 The reference to September 7, 2017, in this paragraph, should be to September 6, 2017, the published effective date of 81 FR 43338, and the corresponding date of the Court vacation.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.1206.455 What records must I keep in order to support my calculations of royalty under this subpart? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-1206-455/

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