The Maharashtra Supply of Forest-produce by Government (Revision of Agreements) Act, 1982
The Maharashtra Supply of Forest-produce by Government (Revision of Agreements) Act, 1982
The Maharashtra Supply of Forest-produce by Government (Revision of Agreements) Act, 1982 allows the Maharashtra State Government to modify long-term contracts for supplying forest produce to businesses and private buyers. Historically, long-term agreements locked in fixed, low prices for forest timber, bamboo, and raw materials, causing huge revenue losses to the public treasury as market values rose. This law empowers the government to periodically revise supply rates, remove rigid price caps, and adjust measurement units, ensuring raw materials are sold at fair market value. It protects public state resources while giving businesses a fair option to exit contracts if price increases are unaffordable.
- 1. Short title, extent and commencement.
- 2. Definitions.
- 3. Power of Government to revise agreements for sale or supply of forest-produce.
- 4. Price or rate of forest-produce sold or supplied to purchasers not to exceed market value.
- 5. Power of Government to terminate agreements for breach of terms and conditions.
- 6. Purchaser may terminate agreement after giving one month’s notice.
- 7. Power to make rules.
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