Levy and collection of cess on mineral bearing land-

(1) Subject to any limitation imposed by Parliament by law relating to mineral development, there shall be levied and collected, in such manner as may be prescribed, a COVID-19 cess on mineral bearing land in respect of such mineral and at such rates, not exceeding rupees one hundred per tonne/cubic metres, as the case may be; on despatch of such Run-of-mine/mineral, as may be specified in the Schedule appended to this Act, by the State Government from time to time. (2) The cess levied under sub- section (1) shall be payable by the holder on despatch of Run-of-mine/mineral in such manner as may be prescribed. (3) The proceeds of the Cess shall be credited into the Fund to be known as COVID-19 PANDEMIC FUND. (4) The Levy of cess under this Act shall be valid for three years from the date of the commencement of this Act; (5) Notwithstanding anything contained in sub-section (4) of this section, the State Government through a notification and for the reasons to be recorded and upon recommendation of the governing body, may extend the levy of cess under this Act, for another one year and also for the succeeding year(s); (6) The manner and the procedures for managing the “Fund”, shall be specified or prescribed by the Government.