section 30
Settlement of account after final price is fixed and notified
The Maharashtra Raw Cotton (Procurement, Processing and Marketing) Act, 1971General197151 sections12 chapters
Chapter V MODE OF FIXING AND PAYMENT OF PRICE FOR COTTON TENDERED AT COLLECTION CENTRES
Statutory text
[30.
- (1) After the final price is fixed and notified by the State Government, if that price is more than the guaranteed price, every person, who or on whose behalf kapas or ginned cotton was tendered at the collection centre, shall be paid [seventy-five per cent, of the difference between the final price and the guaranteed price, as the additional price.]
- (2) The balance [of twenty-five per cent.] of the difference referred to in sub-section
- (1) shall be credited to the Price Fluctuation Fund.]
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