The Levy Sugar Price Equalisation Fund Act, 1976
The Levy Sugar Price Equalisation Fund Act, 1976 is an Indian law that aims to stabilize the prices of sugar in India.
"Levy Sugar Price Equalisation Fund Sugar Development Fund Sugar Industry Stabilization Of Sugar Prices Compensation For Sugar Manufacturers"
Summary
The Levy Sugar Price Equalisation Fund Act, 1976 was introduced by the Indian government to ensure that the prices of sugar in India remain stable. The Act establishes a fund known as the Levy Sugar Price Equalisation Fund, which is used to compensate sugar manufacturers for the difference between the statutory minimum price and the ex-factory price of levy sugar. The Act also establishes the Sugar Development Fund, which is used to promote the development of the sugar industry in India. The Act has been amended several times, including in 1984 and 2019.
Table of Contents
Showing up to 15 sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Levy Sugar Price Equalisation Fund | Open |
| 4 | Section 4: Determination Of Questions As To Making Of Excess Realisations | Open |
| 5 | Section 5: Discharge Of Persons Of Liability In Respect Of Amounts Credited To The Fund | Open |
| 6 | Section 6: Right Of Buyer To Claim Refund | Open |
| 7 | Section 7: Excess Realisation Not To Be Paid To Any Producer Of Sugar | Open |
| 8 | Section 8: Fund To Vest In The Central Government | Open |
| 9 | Section 9: Power To Require Producers To Maintain Accounts, Etc | Open |
| 10 | Section 10: Power Of Entry, Search And Seizure | Open |
| 11 | Section 11: Power Of Central Government To Recover Excess Realisations As Arrears Of Land Revenue | Open |
| 12 | Section 12: Dissolution Of The Fund | Open |
| 13 | Section 13: Penalties | Open |
| 14 | Section 14: Removal Of Difficulties | Open |
| 15 | Section 15: Protection Of Action Taken In Good Faith | Open |
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