Save as otherwise provided in this Act, the State Government may, by notification, declare warehouse/ silos/ cold storage or other such structure or place with such infrastructure and facilities, as may be prescribed to function as market sub-yard for the sale and purchase of perishable agricultural produce and agriculture produce purchased by Government agencies, based on minimum support price.
Explanation. - The expression 'place' under this sub-section shall include any structure, enclosure, open space, locality, street including pack house/cleaning grading unit etc but not including a processing unit/factory having a facility of such warehouse/ silos/ cold storage etc.
(2) The owner of such warehouse/ cold storage, or other such structure or place, as the case may be, desirous of declaration of such place as market sub-yard under subsection (1), shall apply to the State Government or any officer authorized by it, in such form and in such manner along with such fee and also for such period which shall not be less than three years, as may be prescribed.
(3) The licensee of such warehouse/ silos/ cold storage or other such structure or place shall collect, on behalf of the Market Committee, fee on notified agricultural produce transacted at the declared market subyard, at the rate ad valorem, as notified by the State Government and the same shall be deposited by such licensee to the Marketing Development Fund maintained by the Board.
(4) A warehouse/silos/cold storage registered with warehousing development and regulatory authority under the provisions of Warehousing (Development and Regulation), Act, 2007 (Central Act 37 of 2007) shall be a deemed market sub-yard for purpose of this section and the operator of such warehouse/silos/cold storage shall be a deemed licensee for the purpose of this Act.]