The Kerala Forest Produce (Fixation of Selling Price) Act, 1978
The Kerala Forest Produce (Fixation of Selling Price) Act, 1978
This Act regulates the minimum selling prices of forest produce, including timber, bamboo, and eucalyptus, within the state of Kerala. It applies to government officials selling these resources and the commercial businesses purchasing them. By establishing an expert advisory committee to recommend fair annual prices, this legislation prevents the corporate underpricing of valuable public assets. It matters because it ensures these materials are not sold at a loss, while mandating that ten percent of all sales revenue, alongside additional industrial surcharges, is directly reinvested into forest regeneration and development projects, helping to protect and preserve the state's vital ecological resources.
- 0. Preamble
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Government to notify selling price of forest produce.
- 4. Constitution of expert Committee.
- 5. Forest produce to be sold at price not less than the selling price.
- 5A. Additional price to be paid by industrial establishments.
- 6. Exemption.
- 7. Ten per cent of selling price to be utilised for forest development.
- 8. Power to make rules.
PDF: pending for this language.