Hi
Under section 3 a of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (also Land Acquisition Act, 2013), compensation includes Compensatory reimbursement of loss of economic value of land and other property erected thereupon.
So in response to your question.
1) Compensation will NOT be limited to land and building, but will also include things attached to the
earth or permanently fastened to anything attached to the earth;
2) In general, machinery of the rice mill is considered as attached to earth till such time they are uprooted from earth.
3) The valuation of the machinery is either on replacement value basis or on basis of sale value which ever is higher. In order to claim the higher value,, you need to establish that the machinery once dismantled will be of no commercial value .
4) Compensation rules have been well drafted for the purpose of rehabilitation and settlement for affected individuals and families.
5) But in case of an industry/ factory affected by land acquisition, concessions under land acquisition act are still possible, but at the discretion of land acquisition officer and collector.
6) Considering that relocation costs are quite exorbitant in the present day context, you can make a representation for
a) alternative accomodation at subsidized rates/deferred payments
b) Extension of subsidies(power) or
c) sales tax deferment etc
to the land acquisition officer who will then consult the collector and district industries officer and may oblige to accede to your request.
If your request for compensation for relocation costs/ valuation of plant and machinery, you can approach the High court and get compensation by challenging the said acquisition.
Hope this information is useful.