India, Aug. 14 -- The Supreme Court on Wednesday empowered the states to impose taxes on minerals and land holding minerals, effective from April 1, 2005, in an order that guarantees a significant and steady revenue stream for the mineral-rich states in the country. A nine-judge bench laid down specific conditions regarding the applicability of its July 25 ruling, which affirmed the legislative competence of states to levy taxes on minerals and mineral-bearing land in addition to the royalty imposed by the Centre.

Bringing clarity to the potential financial implications for states and industries alike, the bench led by Chief Justice of India (CJI) Dhananjaya Y Chandrachud ordered that states can impose levies with effect from April 1, 20...