All fines and penalties recovered under this Act [other than fines and penalties imposed by a Court] shall be paid to the Board.

Payment of balance of Tuticorin Port Fund to Board Payment of balance of Tuticorin Port Fund to Board. The [State Government] may at any time direct that the whole or any portion of the balance of the moneys which may be credited under the Indian Ports Act, 1908, to the account of the Port Fund, if any, which may be formed for the Port of Tuticorin, after defraying therefrom all expenses legally chargeable to the said account, shall be paid to the Board for the purposes of this Act.