Payment of compensation.

Where any material is acquired under this Act, there shall be paid compensation the amount of which shall be determined by the Deputy Commissioner in accordance with the principles specified in sub-section (2). (2) The amount of compensation shall be as follows:- (a) in the case of material acquired from a dealer, the price at which the dealer could have sold it in the open market at the time of acquisition; (b) in the case of material acquired from a person other than a dealer, the cost of the material to the owner at the time of acquisition plus a reasonable margin of profit not exceeding 10 per cent., or the price at which it could be sold in the open market, whichever is less. (3) Where the person entitled thereto accepts the compensation determined under sub-section (1), the Deputy Commissioner shall pay it to him. (4) If any person is aggrieved by the determination of compensation by the Deputy Commissioner, he may within 30 days of the order, appeal to the State Government whose decision shall be final.