(1) Except in the commercial transaction between two traders, any other person

who buys notified agricultural produce including livestock in the principal

market yards, sub-market yards and market sub-yards, shall execute an agreement

in triplicate in such form, as may be prescribed in favour of the seller. One copy of

the agreement shall be kept by the buyer, one copy shall be supplied to the seller and the remaining copy shall be kept in the record of Market Committee.

1. (2) (a) The price of the notified agricultural produce transacted in the principal market

yards, sub-market yards, private market yards, market sub-yards or at

e-platforms shallbe paid on the same day to the seller or in the maximum the

1. (b) In case purchaser does not make payment under clause (a), he shall be liable

to make additional payment at the rate of one percent, per day of the total

price of the agricultural produce, payable to the seller within five days.

1. (c) In case the purchaser does not make payment with additional payment to the seller under clause (a) and (b) above, within five days from the day of such

purchase, his licence shall be deemed to have been cancelled on the sixth

day and he shall not be granted any licence or permitted to operate under this Act for a period of one year from the date of such cancellation.

The Arunachal Pradesh Extraordinary Gazette, May 5, 2018 19

1. (3) Commission agent shall recover his/its commission from his/ its principal trader at

exceed four percent ad valorem on transacted produce, including all expenses as may be incurred by him in storage of the produce and other services rendered by him/ it: Provided that no commission shall be collected from farmer-seller.