Amendment of section 3 of Act X of 1955

In section 3 of the principal Act,—

1. (a) in sub-section (2), for clause (f), the following clause shall be substituted, and shall be deemed always to have been substituted, namely:— “(f) for requiring any person holding in stock or likely to hold in stock, or engaged in the manufacture or production or processing of, or in the business of buying or selling, any essential commodity, to sell, the whole or a specified part of the quantity of the essential commodity held in stock or likely to be held in stock by him or manufactured or produced or processed or likely to be manufactured or produced or processed by him or received or likely to be received by him in his business of buying or selling, to the Central Government or the State Government or to an officer or agent of any Government or to such other person or class of persons and in such circumstances as may be specified in the order : Explanation.—An order made under this clause in respect of foodgrains may fix or provide for fixation of the quantity to be sold by a producer with reference to the nature and extent of his holding or the land revenue payable by him with certain weightages which may be prescribed for certain crops or lands enjoying irrigation or other facilities and also fix or provide for fixation of the quantity to be sold on a graded basis having regard to size of the holdings of different producers.”;
2. (b) in sub-section (3), for clause (c), the following clause shall be substituted, and shall be deemed always to have been substituted, namely:— “(c) where neither clause
3. (a) nor clause
4. (b) applies, in the case of foodgrains, the amount, if any, specified in or calculated in accordance with the order made under clause
5. (f) of sub-section

1. (2) read with sub-section (3-B) and in the case of any other essential commodity, the price calculated at the market rate prevailing in the locality at the date of sale.”;
   • (c) for sub-section (3-B), the following sub-section shall be substituted, and shall be deemed always to have been substituted, namely:— “(3-B) Where, by an order made with reference to clause
   • (f) of sub-section (2), any person is required to sell any grade or variety of foodgrains, edible oilseeds or edible oils to the Central Government or a State Government or an officer or agent of such Government or a corporation owned or controlled by such Government or to a person or class of persons specified in the order, and either no notification in respect of such foodgrains, edible oilseeds or edible oils has been issued under sub-section (3-A) or any such notification having been issued, has ceased to remain in force by efflux of time then, notwithstanding anything contained in sub-section (3), there shall be paid to the person concerned an amount determined by the Central Government or the State Government, as the case may be,—
   • (a) having regard to the controlled price, if any, fixed under this section or by or under any law for the time being in force for such grade or variety of foodgrains, edible oilseeds or edible oils, or
   • (b) having regard to the prices recommended by the Agricultural Prices Commission for the concerned essential commodity, where no controlled price in relation to such commodity, where no controlled price has been fixed by or under any law for the time being in force.”.