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Timber Resource Management and Legality Licensing Regulations, 2017 (L.I. 2254)

Regulation 60—Stumpage fee
 (1) The holder of a timber utilisation contract who harvests timber shall pay stumpage fee which shall be calculated in accordance with the formula specified in the Fifth Schedule.
 (2) For the purposes of these Regulations, stumpage fee represents royalties which provide a basic return to the landowner and contributes to the cost of forest management and timber regulation.
 (3) The stumpage rate shall be determined by the Minister in consultation with the Commission and the Administrator of Stool Lands, having regard to the market demand and inventory levels of timber species.

Subject : Timber Resources Management And Legality  

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