Section 13
Undisbursed or unclaimed amount to be deposited to the general revenue account.
The Goa, Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act, 1987
About this Act
An Act to provide for the abolition of the mining concessions in operation in the Union territory of Goa, Daman and Diu and specified in the First and the Second Schedules, and for the declaration of such mining concessions as mining leases under the Mines and Minerals (Regulation and Development) Act, 1957 with a view to the regulation of the mines to which such concessions relate and for the development of minerals under the control of the Union and for matters connected therewith or incidental thereto.
Any
money paid to the Commissioner which remains undisbursed or unclaimed after such payment for a
period of three years shall be transferred by the Commissioner to the general revenue account of the
Central Government; but a claim to any money transferred may be preferred to the Central Government
by the concession holder entitled to such payment and shall be dealt with as if such transfer had not been
made, the order, if any, for the payment of the claim being treated as an order for the refund of revenue.