(1) This section applies to wheat, raw cotton (whether ginned or unginned), sugar-cane and any other commodity to which the Central Government may, by notified order, declare this section to apply.
(2) If the Central Government is of opinion that it is necessary or expedient so to do for securing the equitable distribution and availability at fair prices of any commodity to which this section applies, it may, by notified order, provide for regulating by licences, permits or otherwise inter-State trade and commerce in any such commodity, and the notified order may prescribe forms and conditions of licences or permits for regulating such trade and commerce, the authorities by which such licences or permits may be granted, the fees that may be charged therefor and any other matter required to render effective the control over such trade and commerce.