Payment of price of notified agricultural produce by the traders

Payment of price of notified agricultural produce by the traders.-

1. (1) The buyer shall pay the price of the notified agricultural produce to the seller immediately after the sale in the market yard, market sub-yard or sub-market yard.
2. (2) If the buyer fails to pay the price as provided in sub-section (1), the Market Committee shall recover the amount from the buyer and pay the same to the seller.
3. (3) Where the amount is recovered by the Market Committee under sub-section (2), it shall also recover from the buyer interest at such rate as may be prescribed for the period of delay in payment.