(1) In assessing damages for unauthorised use and occupation of any of the Board premises, the Competent Authority shall take into consideration the following matters, namely:-
(a) the purpose and the period for which the Board premises were in unauthorised occupation;
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(b) the nature, size and standard of the accommodation available on such premises;
(c) the economic rent of the premises for the period of unauthorised occupation, such rent being calculated in accordance with the formula decided by the Government from time to time;
(d) any damage done to the premises during the period of unauthorised occupation;
(e) any other matter which in the opinion of the competent authority is relevant for the purpose of assessing the damages.
(2) Before assessing the damages, the competent authority shall give the person in unauthorised occupation an opportunity of being heard.