• ' TF'-GAZEflEOFJ:ND!:\ :EJITRAORDJNARY [PART II--8EC. 3(i)] :. ~JlUNiS"f1'l11' 01' CONSnJl'i!lf<!ifl Ai'V'filiiA$, FOO!D AND PUI'IUC D!ST!'ll~iJi!OM (!J®!'~rlm"'"l~ c1 i'•oo!JI and Fu!ba: O!,alrlfc.MI!·~n) ~{)'11\"~©ii>'Titl~l N~w Ds!hi, the eth ~cv~m~r, 20?7 •!a.®.wi. 1/lS'.li:!l).- Jn <o:clin:!s'li or Hl<S pqw~r• conf~rrlid by s,;;cclon 9 o~ th~ Sugar l:l"v:alopm@nt ,i\0:, 19,2 ( '1- .of 19€2), the Centra! G~'!ernm:ant hllrllty mi:lk<i5 th;; following 1·ul@$ fur'ch;,r to ~mend th<2_ Sugar De'Js!opinent Fund ~ul.,s, 19()3, nem8ly.-
(1) Tnsss rul;,s may be c~lled the Sugar Deveiopm!ilnt l'und (Third . · Amandment) Rul<eS,.2007 •. {2) ihey. shall corn·e Into force on tha d<Jta of th®!r publ!c<Jtlon In tho; Official G.a~ette. ::?.. . in the Sugar Ol!velopment Fund Rul.as, 1983, a>'i:er rule 19, the following rull~ shall be Inserted, namely:- "1911 0::11"~1J~i:!:>TO·®~ bll!I'I'®W '!!~@<Cit ·~r©m :111!l@<l:i9 ::l@{l7 ~UfJ;l!W El<;;ll'J:ll@!'J QH'l'!i17'i.i1'11lil -(1). - The Central Governm•ent may having regard to the stock of !;Ugar held with the sugar factories, the prospects of sugar production, the requirement of sugar for consumption wtthln the country and export. and such other relevant factors . . . as may_ be considered necessary, decide from t!rne to time, the quantity of sugar to be maintained as buffer stock and the period for which ~h.·a .buffer stock sf'lall be maintained.
(2) The Central Government shall determine the share of each· su9ar fa.ctory having regard to the production of the· sugar or the stock held by It or considering the both and the Chief Director (Sugar), Directorate of.Sugar, .Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public· .Distribution .' • I [ '11'1 n wr,; 3(il J I I I ' ' i' ' I I I I ! I I L_ shall make factory-wise allocation of buffer stock on such basis as may be specified by the Central Government.
(3) (a) on allocation of buffer stock, every sugar factory shall set apart the quantity allocated as buffer.stock and stor.e It In a separate .and distinctly Identifiable · lots and stock wl~hln the factory premises:
Provided that the Chief Director (Sugar) may In exceptional circumstances and for the reasons to be recorded In writing, grant exemption to an occupier of the sugar factory' from storage of buffer stock within factory premises.
(b) If an occupier contravenes the provisions of clause (a) of sub-rufe (3),. he s.hall be lnellglble for buffer s!!bsldy for the entire perlad and the .I;Juffer Sl!bsldy already paid shiJII be recovered with .due lnter~$t thereon at the rate. ~s. notified by the Department of Economic Affairs to be charged from private companies plus penal Interest of 2,.5% p10r annum.
(4).. Every occupier of the sugar factor\! shall p1'ovlde necessary ,safeguards • ' ' ' • . . I against damage, loss and aetetloratlon In the quality of tlie sugar stored as buffer and against mixing It with. other stocks. · (5). Every occupier of the sugar factory shall Insure the buffer stock so set apart against such risk as may be required by the b~;ank with which the buffer stock Is pledged for the purpose of :securing loan. .
(6). (a) Every occupier shall maintain the allocated buffer stock In good condition .. , . and In c~se of any damage or loss to the buffer stock, the occupier of that. sugar factory shall replace the same with new stock at his own .cost within thirty days of such damage or loss and shall furnish a certificate from the concerned Central Excise ·Authority for ;Och re,placement In Arinexur~-I of the Form- X along w"ith th~ claim. --- - ---- --- .____ __________________ - 19 20 ~· TilE GAZETIEOFINDIA: EX11'.AORDINARY [P,\RT II--SEC. 3(i)]
(b) If an occupier fails to adhere to the time limit referred In clause (a) of sub-rule (6), he shall be deemed to h;~ve dismantled the buffer stock and shall be Ineligible for buffer subsidy for subsequent period Including the relevant quarter.
(7). (a) No occupler·of a sugar factory shall sell, remove, dispatch or dispose of any quantity of buffer stock without obtaining prior written permission of the Chief Director (Sugar).
(b) If an occup\er.contravenes the provisions of clause (a) of sub-rule (7), he shall be Ineligible for buffer subsidy for the entire period and the buffer subsidy already paid shall b!l recovered with due Interest thereon at the rate a~ notified by the Department of Economic Affairs to be charged from private companies plus penal Interest of 2.5°/o per annum: {8}. {a) An occupier shall be free to replace the allocated buffer stock with the production oF the subsequent sugar season, without any break, to maintain the . quality of the buffer stock and shall furnish .a certificate from the coneerned Central Excise Authority for such replacement In the Annexure-I of the forme X along with the claim.
(b) If an occupier contravenes the prolfls\ons of clause (a) of sub-rule (8), he shall be Ineligible for· buffer subsidy for the entire period .and the buffer subsidy <,~lready paid shall be·.recovered with due lnte~est thereon at the rate as n~tlfled by the Department of Economic Affairs to be' charged from private companies plus penal Interest of 2.5% per annuni. ,. ! ! 1 - ! i I - I '1 -. ! ' 1'1 n-~"&116 3(i)J
(9). The Chief Director (Sugar) or any officer authorized by the Chief Director (Sugar) may Inspect the maintenance of buffer stock In the factory and on Inspection, If It Is found that the sugar factory has violated any provision of these rules, the sugar factory shall be deemed not to have' maintained the buffer stock ' during the entire period for which the buffer stock has been created and the buffer subsidy, If a'ny, paid shall be recovered with· due .Interest thereon at the rate as notified by the Department of Economic Affairs to be charged from private companies plus penal Interest of 2.5% per annum an_d. the sugar factory shall become Ineligible for buf[.er subsidy for subsequent period Including the relevant quarter.
(10). All those sugar factories who have-
(a) maintained allocated ouffer stOck E!lther In full or In part, for the entire period for which· the buffer stock has been created, unless permitted to dismantle' lmder'sub-rule (7);
(b) availed the.add,ltlonal· credit Whe\'i there are cane price arrears against the sugar factory, and utilized the :same· for the payment of the cane price arrears provided the bank has not declined to extend such credit- to the sugar factory; ... ··'
(c) submitted the utilization -certificates In' respect of buffer suosldy, disbursed for earlier quarters as per time schedule specified In sub· rule (20) arid the · · buffer subsidy disbursed Including the -advance buffer subsidy for -buffer stock created 'vide notification number G.S.R. s.o. 1326 (E) dated the 17" December, 2002; and
(d) not been specifically declared Ineligible by the Chief' Director (Sugar) for such buffer subsidy -· 21 i j i ! 22 THEGAZETI'EOF INDIA: EXTRAORDrNARY (PART u-soc. 3(il, shall be eligible to receive the buffer subsidy in respect of the' quantity of buffer StQCk maintained by such sugar factory and for the period In the r~\evant quarter · for Which such stock has been maintained:
Provided that a sugar factory shall be Ineligible under clause (d) till the time· the Chief Director (Sugar) dec;lares It as eligible through a speaking and reasoned order.
(11).' · The Interest, Insurance and storage subsidy payable to sugar factories fo.r maintenance of buffer stock shall be admissible at the following rates, namely:-
(a) Interest (R) at the rate as specified by the Department of Economic Affairs, Ministry of Finance, to be ctiarged from the private companies or actual rate 9f Interest for the quarter (excluding additional or penal Interest) charged by the bank on ~dvance given to sugar· faqory against the buff<:r stock, whichever Is less.
Explanation. - The rat.e of Interest specified by th~. Department· of Economic Affairs, Ministry of Finance, .as on th<t di;~te .of. creation of buffer stock shall be taken Into account and shall remaltl the same during. the period· fo~ which the · buffer stack has been created .<)r extended.
(b) Storage and Insurance (S) at the flat rate of 1.5% per annurn. on the value ·of stock as may be notified by the Central Government. .. ·
(c). The buffer stock subsidy towards storage and lnsur;mce shall be payable cmly fo~ the period· during which the sugar faotory. has obtained the Insurance Coverage Of the buffer stock, Q>S .the Storage, and.lnsurance SUbSidy ,are clubbed together.
(d) The value of the stocl' (V), ~one-wise, shall be as may be notified by the Central Government and shall ;emaln the sama during the· period for .which the ,--- .. . ' [<."!!'1 II WI& 3(i)] buffer stock has been created or extended Irrespective of the replacement of the buffer stock with production of subsequent sugar seasons.
Explanation. - For the removal of doubts, It Is hereby clarified that the valuation of the buffer stock (V) by the Central Government Is only for the purpose of calculation of buffer subsidy so as to slmpllfy·the procedure and the valuation of the stock wo.uld continue to be done by the banks at market rates as per their banking practices.
(12). The buffer subsidy shall be calculated In the following manner, namely:- (I) (a) Interest subsidy on normal credit: I (a) "' V X R X B X Nl X Pl 100 x 31?5 (366 for leap year) (I) (b) Interest subsidy on additional credit. I (bf= V X R x B X N2 xP2 100 x 365 (366 for leap year) The total Interest subsidy payable shall be I (a) plus I (b) OR the Interest actually paid by the sugar factory whichever Is less. (II) Insurance and Storage subsidy = V x S x B x N3 100 x 365 (366 for leap year) Total buffer subsidy payable= (I) + (II) Where B Is the buffer stock maintained by the Sligar factory, iU. Is the number of days for which the buffer stock has been maintained as certified by the Central Excise Authority In the relevant quarter, !112 Is the number of days with effect from the actual date on which the bank credits the account of the sugar factory with 23 TIJEGAZETI'EOFINDIA: EXTRAORDINARY .•. [PAATfl-Soc.3(i)J additional cred.lt till the end of the relevant quarter, 1'!3 Is the number of days .for 1\lhlch the Insurance cover was taken for the maintained buffer stock and !I'll Is the percentage of normal advance relating to buffer· stock and 1'2 percentage of additional credit.
Explanation.- For the removal of doubts, It Is hereby clarified that during .the 1" quarter of til~ creation of buffer stock, the buffer subsidy shall be payable from the · date of creation of buffer stack as notified by the Central Government provided the allocated quantity was available with the sugar factory.
(13). The duly filled proforma as per Form-X for payment of the buffer stock subsidy shall be submitted to the Chief Director (Sugar) on quarterly basis starting from the 1'.' day of creation of the buffer stock.
(14). The admissible buffer subsidy shall be payable to th~ sugar"factory for the purpose of making payment for the cane price Including cane price arrears for the sugar season In which the buffer stock has been created and of the subsequent sugar season In the·followlng order of preferences, nafl1ely:-
(a) If the sugar factory has ca'ne price arrears for arly of the said sugar seasons as per the· ca~e price arrears position available ori the date of processing of the claim or on the date of financial concurrence, whfch ever. Is less, for that quarter as also Sugar Development Fund · or Levy Sugar Price Equalization Fund over dues, then the buffer subsidy to the extent of . . . · cane price arrears for the said sugar Se(IS\)fl shall be paid to sugar factory notwithstanding the Sugar Development .Fund or Levy Sugar Price . . . . . . Equalization Fund over d1;es and If the buffer subsidy amount Is higher . . . . . ~ than tht! cane price arrears at that point of time then the buffer subsidy amount In excess Qf cane price arrears .shall be adjusted against the Sugar • !i 'I I i ' .. I ['1l'III-1:!!% 3(i)]
(b) Development Fund· over dues and the balance against Levy Sugar Price Equalization Fund over dues. If the sugar factory has no cane price arrears for the said sugar seasons as per the cane, prlc~ arrears position available on the elate of processing of claim ·of that quarter but It· has Sugar ·Development Fund or Levy Sugar Price- Equalization Fund over dues, then the buffer subsidy amount i payable to sugar factory shall be adjuSted against the' Sugar Development -1 Fund over dues and· the balance against Levy· Sugar Price Equalization 1 Fund over dues. II '.
(15) The suga1· factory shall have a separate bank account for credltlr19 the buffer subsidy amount received and the subsidy shall be utilized as provided In these rules. , (1~) (a) The b!Jffer subsidy· r.ecelved by the. s~gar factory shall be utilized for ' making payment of cane price ln~ludlng cane price .. arrears for tM- suaar season In . . . . ' .-.,, - . ·which the buffer stock has be.en created and of the subsequent sugar. season. . ' ~. • . . ' I
(b) The payment towards cane_dues shall. )le maoe within one month of receipt of ' the buffer subsidy:
Provided that If the sugar factory does not have cane·•prl<:e arrears of any of the said sugar .seasons as on the date of receipt of buffer stock subsidy_ claim or the buffer supsldy received by the sugar factory Is In exc~ss of the cane price lnt;ludlng . cane price. arrears pertaining to the· said sugar seasons, then: buffer subsidy amount or 'the amount In excess of thE! can·e··prlce ·incl\:idlng cane price· e>rrears· may be. u~ed for any other purpose.
(17) (a) every occupier shall' avail additional i:~e.!nt 0~ creatl'6n or buffe~ stock, When there are cane price arrears at a~y time dUring the period for which the buffer stock has been created or extended and the addltlo~~l credit so gi~en by the banks 455~ 01107-4 25 I I i ( TI-IEGAZETIEOFINDIA: EXTRAORDINARY [PART II-Soc. 3(i)l · . · shall ba utlhlzed only for the purpose of making payment of the cane price Including cane price ar-rears of sugar season, ln. which the buffer stock has b~en created and of the subsequent sugar season within one month of crediting such amount.
(b) If any 61tnk authority, wt>ich Is the principal banker of the sugar factory for extending loan towarqs working capital, declines to extend the, additional credit for whatsoev~r reason, the su9ar factory shall be eligible to .get the bllffer subsidy to the llXt~ilt of norrnal credit calculated In accordance wlth'ltern (i) (a) of sub-rule (12) and such sugar factprv sl)aB submit a cer:tlficpte from the concerned bank In this regard as per Annexure-III to Form-X.
(18) . Every occupier shail furnish the following documents In Form- X to work out the admissible claim of the sugar factory, namely:-
(a) certificate from the Central Excise AuthOrity certifying the quantity as. per Annexure-! to' the· Form- X end the· period for which buffer stock has been maintained arid Its replacement, If any;
(b) certificate fr~m the bank certifying the rate of Interest charglld by It on amount of loan extended against hypothecated buffer stock and the amount, of Interest paid or payable by the sugar factory to the bank and . amount . of additional credit extended by the, bank as per (C) Anne)(ure-Il to the Form-X; certificate from the concerne.d State .Government Officer responsible . . . - for enforcement of (;layment of price of. sugarcane by ·the sugar factories certifylng;!,lt!llzatlon of buffer·subsldy paid for earlier quarters ' - .. and the buffe.r subsidy disbursed for buffer stock created vide notification number ·G.S.R. s.o. 1326 {E) da~ed the 17'h Oecembe~, . . . : ' ',P . . . 200:?, and utilization of additional credit extended by the bank as per . . . . . . - - . . Annexure- IV ofthe Form-X; . . . . ' \f}(Y '., l 'lilT,!! <li"1!> 3 (i) J
(d) a self certified photocopy of the lmsurance policy of the concerned· Insurance agency alongwlth a certificate from that Insurance 1l£Jencv certifying that the buffer stocl< of th<e sugar factory Is covered under the Insurance policy as per Annexure-'V of the Form-X;
(e) certificate from the bank certlfyln·g cr·edltlng of buffer subsidy' amount . . . In a separate bank account as per Ann·exure-III of the Form-X;
(f) any other document In addition to doe<uments referred to In clauses (a) to (e), which the Central Government' may require.
(19) The time limit for SUQmlsslon of the claims ancl requl~lte documents alongwlth duly filled Form- X . for ·making admissible claim for· the relevant quarter shall be thr.ee months from the end of the relevant quarter b~<t within permlssl~le extended period of another three months subject to the following deduction In their admissible claim for the relevant quarter, namely:- (I) 0 to 3 mooths - NIL (II) 3 to 6 months - thereafter no claim shall be admissible:· 10% of the st Jbsldy. amount payable and
Provided that the Central Government may for a 1 1alld reason to be recorded In Writing, extend the period of submission of claims by su, ch period as It deems fit,
Explanation. - For removal of doubts, It Is hereby clarified that the relevant date for determining the date of receipt of the claim shall. be the d ate_ on which the. claim In the Form- X along with the requisite documimt~1 .ls receh 1ed by the Chief Director (Sugar) and any document or clarification or reylslons fur, nlshed by the sugar mill . . ' subsequent to the submission of the claim shall· be deemed to have been received on the date on which the original claim was received. . ·. / THEGAZEITEOFINDIA: EX1RAORD!NARY [PIIRT!J--SEC. 3(i)l -·.
(20) •. Every occupier. of the sugar factory shall submit the utilization certificate for buffer subsidy disbursed to him within three months of the disbursal of the buffer . . . . subsidy, from the concerned State Government Officer who· Is responsible for : enforcement of payment of cane price by the sugar factories and the concerned \ bank, certifying that the buffE!r. subsidy amount has been utlll~ed for making payment of cane pr.lce Jndudln~ .cane price arrears for the sugar season In which the buffer stock has. been created and of the subsequent sugar season or the buffer subsidy amount has been utlllze.d as referred to In sub-rule (16) and also the utilization certificate of the last amount of buffer subsidy disbursed In respect of last buffer stock, falling whiCh the buffer s•Jbsidy for the relevant quarter shall become . . Inadmissible and shall be recovered from such sugar factory with Interest at the rate as notified by the Department of Economic. Affairs plus penal Interest of 2.5% per annum:
Provided that the Central Government may extend the period of submission .of . utilization certificate by a further maximum period of three months, If It Is satisfied there Is sufficient cause far -the delay in sLibtnlsslon of utilization certlftcai:e. (21} If any sugar factory. falls to adhere to the these rules and the Central Government decides to recover the buffer subsidy amount paid to the sugar factory, then the buffer subsidy amount shall be recovered from the concerned sugar factory alongwlth Interest at the rate as notified by the Department of Economic Affairs plus. penal Interest of· 2.5% per annum either from the levy sugar 'price differential . \ ~· .. payable to the sugar factory or any other claim or subsidy payable to the sugar · factory by the Central Government In accordance with law •. . (22) .·The central G~ver~ment may order'dlsmantllng of the buffe~ .. stock In phases ~r' In one go and the buffer stock st.~bsldy shall cease to be payable to the extent of dismantling of the buffer stock.
(23) This rule shall be applicable for the buffer stack created far the sugar season 2006-07 arid onwards. ,~ '.i I \ '. I I i I I. I I [. I I '· {24) Where the Centra! Government Is of the op!nlon that It Is necessary or expedient so to do, !t may, by order and fro reasons to be recorded In writing relax any of the provisions of this rule." Explanatory Memorandum. - Under these rules, the Central Government reimburses the Interest, Insurance and storage charges to the sugar factories for the quantity taken on buffer as subsidy. The subsidy amount Is to b~ used prlniar!!y for the payment of cane price Including the cane price arrears of the sugar season In which the buffer. stock Is created and the subsequent sugar season. These rules will not adversely affect any person on account of being admissible for buffer subsidy for buffer stock created from 2006-07 sugar seasOI) onwards .. [F. No. 6·2/2007 -CC] N. SANYAL, Jt. Secy.
Note: The principal rules were published In the Gazette of the India, Extraordinary, Part II, Sectian·3, Sub-section (i) vide number G.S.R. 752(E), dated the 28th September, 1983 and subsequently amended by- (I) GSR 817 (E) dated 20.12.1984; (II) GSR 838 (E)) dated 14.11.1985; . {Ill) GSR 551 (E) dated 06 .. 5.1986;
(lv) GSR 235 {E) dated 24.04.1991;
(v) GSR 441 (E) dated 28.04.1992;
(vi) GSR 435 (E) dated 06.5.1994;
(vii) GSR 27 (E) d~ted 12.01.1996; (VIII) GSR 656 (E) dated 21.11.1997; (IX) GSR 91 (E)' dated 12.02.2001;
(x) GSR 886 (E) dated 06.12.2001;
(xi) GSR 443 (E) dated 21.06.2002;
(xll) GSR 584 (E) dated 19.08.2002; (XIII} GSR 67 (E) Dated 29.01.2003;
(xlv) GSR 241 (E) dated 25-3-2003;,· (XV) GSR 787 (E) dated 6.10.200~;
(xvl) GSR 895 (E) dated 19.11.2003; (XVII} GSR 953 (E) dated 17.12.2003; (XVIII) 'GSR 72 (E) dated 23.1.2004; (XIX) GSR 687(E) dated 21.10.2004;
(xx) GSR739{E) dated 9.11.2004;
(xxl) . GSR 149(E) da~ed 2.3.2005;
(xxll) GSR 451(E) dated 4.7.2005; (XXIII} GSR 558 (E) dated 15.9.2006;
(xxlv) GSR 653(E) dated 19;10.2006; (XXV} GSR 188 (E) dated 09.03.2007; (xxvl} GSR 697 (E) dated 07.11.2007. THEGAZETIEOFINDIA: EXTRAORDINARY [PART ll-SEC. :i(i)) form-X (See rule 19A of the Sugar Development Fund Rules, 1983) PlitclFORMA !'OR MAKING .i\014l!SSII5B.I!: CUUM OF HlUri'E!R STOCK SUBS~DV FOR THE !'>EIUOD li'ROM ............... TO .............. (QIIJART!:!R Ei\11>11\\G ........... )
1. Name of the sugar factory.
2. Shott. Plant Name & Code No.
3. Address of the sugar factory. (!>lease Indicate the full address, telephone No., fax No. and e-mail address)
4. Buffer stock allocated, segregated and stored, Sl. No. Quantltv From Allocated segregated · and stored
5. Details of buffer subsidy received and utilized during the quarter. {a) Amount of buffer subsidy received with the date of receipt. · ·
(b) No. of bank account In which the amount· of buffer subsidy has been credited .
(c) Amount utilized for cane prlce,payment as per utilization certificate. To
(d) If fuli amount was not utilized for cine price payment, the reasons thereof and the purpose for which It Wil$ used:
6. Details of the additional credit avalled and utilized during the qu<~rter.
(a) ·Amount of additional credit availed with date. · (b) Name of the Bank and Account No.
(c) Amount utlllzed for cane price payl!lent.
(d) If full amount was not utlllzed for C()ne price payment, the rea5ons thereof. ·
7. Rate of Interest during the quarter. '> ' i ~ I , i I ' I ' ' . ' i i I I· _('Tfl1Il <§l'm 3(i) 1 Period I· Rate of Interest [From To
8. Interest amount actually payabl~/pa\d during the quarter.
9. Amount of Subsidy claimed: (I) Interest Charges a) Interest actually paid/ payable .. b) Interest calculated at the rate as prescribed under the rule c) Interest charges claimed (least of a) & b) above)
(li) Storage and Insurance charges@ 1.5% Per annum (Ill) Total Amount of Subsidy Claimed (I) c) plus (II) above
10. Name of the place nearest to tile place of the factory, where the branch of tile State Bani< of India dealing with the Demand Drafts Issued by the Reserve Bank of India Is situated and branch code no. . . '
11. (a) Whether sugar mill has received the buffer subsidy created vide notification dated 17.12.2002? . (b) If yes, then whether the utilization certificates have been furnished? If so, please Indicate the amount of last buffer subsidy received and photocopiof the utilization certificate thereof.
12. The following documents are attached:
1.
2.
3.
4.
(1) Certlflc.ate from the Central Excise Authority In the prescribed proforma; (II) Certificates from the Bank(s) In the prescribed proformae;. (III) Certificate from the concerned cane officer In the prescribed proforma; (IV) Self certified copy of Insurance policy and certificate· from the Insurance company regarding coverage of buffer stock In the prescribed proforma; .(V) Pre-receipt with revenue stamp. I undertake to adhere to the provlslol'ls of the SDF Rules, 1983. · I declare that the Information furnished above Is correct and no Information releva>'it for the purpose of this application ·has been concealed. I undertake to utilize the buffer subsidy as provided In Sub-rule 16 of Rule 19A of SDF Rules, 1983 .. I undertake to refund the entire amount of buffer subsidy With due Interest thereon, If at any time It comes to the notice of the C"_ntral· Government or the Chief Director (Sugar) that Information furnished In the Form-X above 31 I I. · .. \. I ·r>l' i I I. '! : ' ~ i;: I· Place: Date;. THEGAZFITEOFll-IDIA: EXTRAORDINARY was not .correct Or there has been an/violation of the provisions of the so~ Rules, 1983 •. Authorized signatory of the sugar factory Name: · Oeslgnatlori; · (please affix the seal) Nota: • lEach page of the proforma to bs 13lgned 111111 lilt!!mped duly mentioning the name and d~$lgn!ltlon of the Signatory. 1'01!\ OFFICIAl. USE ONLY . Received the application f~ffer stock subsidy claim for the quarter ending .......................... vide Dy.- No ....... ,: ...... : ... dated ........................... ;. ·. , · ., Certificate to bra losued by Centr!il l!:xc!me Authority This Is to certify that as per the letter No. dated ____ _ and letter No. <;lated Issued by the Directorate of Sugar, M/S ---·--- Short Name. ____ ._,..._· Code No. _____ has created quintals buffer stock on out of the production of the sugar year· and additional quantity of __ quintals on out of the ·production. of the sugar season · ·.It Is ~lso.certlfh;id that the above buffer stock quantity has been hel.d In stock from and the stock has not fallen below the buffer stock quantity at any point of time during the quarter. **2. The buffer. stock of . .. . quintals· was replaced with the sugar production of ~--'---'---'-- season q1} -~-c._- and .subsequently with the production of ____ . season on ~----"--
3. till The above mentioned. buffer stock Of _: ___ ._. quintals Is available In thl!l stock ,, Signature Nat~e" Designation .Official Seal of the Central Excise Au~horlty (Not below the rank of Superintendent of Central Excise) -, ' i I . I .! ' l ' i\ ; - . ' J ['ll'l}l-= 3(i)] This Is to certify that t~e Information furnished ·In Column No. 6 (a), (b) & (c), 7 and 8 of the proforma as mentioned below Is correct.
1. (a) Amount of additional credit availed with date { co_lumn 6(a) of the proforma}
(b) Name of the Bank and Account No. {column 6(b) of the proforma}.
(c) Amount utilized for cane price payment. { column 6(c) of the proforma} Or This Is to certify that the sugar fac~ory was not provided additional credit over and above the normal credit against hypothecation of buffer stock due to (please Indicate the reason)
2. Rate of lnte.rest (column 7. and 8. of the proforma) during the quarter and. Interest amount actually paid during the quarter as detailed below: - Period No. of Quantity Valuation· Principal %age of Rate of Amount days rate amount Advance Interest of of Interest Advance charoed 1 2 3 4 5 6 7 8 9 From To .. .. It Is also certified that rate of Interest mentioned above does (lot Include any penal or additional Interest charged by the bank. Place: Date: Signature: Name: Designation Branch Afflx ol'flclilll ~emU (To be signed by the authorized officer of the Bank.} · 33 ' I I i. Place: Date: \It THEGAZEITEOFINDJA: EXTRAORDINARY Certli'lcflti/J from tim flank (Oil the ici:t<llr heed of the blllnft) Th!s Is to certify that the Information furnlsliedJn Column No.5 of the proforma as mentioned. below Is correct. l(a) Amount of buffer subsidy received with the date of receipt. { column S(a) of the proforma}·
(b) No. of bank account In which the amount.of buffer subsidy has been credited{ column S(b) of the proforma}
(c) Amount utilized for cane price payment out or (a) abo.ve {column S(c) of the proforma}. Signature: ·Name: Designation Branch Affix official srasl [PART n-soc. 3(i)J . (To be signed by the authorl.zed offlcer'of the Bank.) ~. ~ . .. .. . l 'll'l II wr!l 3(i)]
1. This Is to certify that an amount of Rs .............. was received from the Central ' Government vide sanction order No ....... dated .......... which was received by the sugar factory on ............ and deposited In account no ............ of ......... (name of the bank .and bra~h) ..... .and utilized the full received amount for payment of cane price Including cane price arrears pertaining to ............. Sugar seasons within three months from the date of receipt of the buffer subsidy. Or This Is to certify that an amount 01, Rs .............. was received from the Central Government vide sanction order No ....... dated .......... which was received by the sugar factory on .. ; ......... and deposited In account no ............ of ......... (name ofthe bank and branch) ..... and utilized Rs .............. for payment of cane price Including cane price arrears pertaining to ............. Sugar seasons within three months from the date of receipt of the buffer subsidy and the remaining amount of Rs. ---------,which was In excess of the cane price arrears against the sugar mill has beeri utilized for any other purpose. · This Is to ·certify that an amount of Rs .............. was received from the Central Go.vemment vide sanction order No ....... dated .......... which was received by the sugar factory on ............ and deposited In account no ... , ....... of ......... (name of the bank and · branch) ..... and utilized It for any other purpose as there were no c~na price arrears of ........ , ... sugar seasons on the date of receipt of the buffer subsidy.
2. This Is to certify that tile sugar factory. was sanctioned additional cre.dit of Rs. · ..................... during the period from ......... to ................ and the sarne has been utilized 35 ' . THEGAZETIEOFINDIA: ExTRAORDINARY (PARTII--SEc.3(i)] .. payment of cane price Including cane price arrears pertaining to ............. Sugar seasons . . Liuthorlzed signatory of the sugar factory Name Signature: Name Designation Destganatlon (Affbt oftlclal e:ea!) {Affht offlclsi seal) Date: Place '-~·. Date: Place: (To be signed by the District Cane Officer or a Gazetted Officer of the State Governm~nt who lo reoponslble for enforcement and :!luperv!alon o~ payment of price. of sugan:<~ne by the sugar undertaking) Cl!lRTlfiCATE OF INSURAI'dCS: COMPANY (On the "letter head of the Insurance company) It Is <tertlfled that the buffer stock of .. : ..... quintals of M/s ............. was Insured _under Insurance poiiC'/ cover no ........... Issued by .......... (name of the Insurance company).' which. was valid for the period from ......... to .......... . Place: Date: Signature: Name: · Designation Branch Affix ofl'lc!al eea! . fig ba !!!gngd 1!11 th\'l f.lrMC~ M§Sl!flmllr qf !nmurnnoo S900!2!Mll£l ;,. , .... .... _, Printed· by the Manager. Govt. of Jndia Press, Ring' Road, Mayapurl, New Delhi~l10064 and Published by the Controltc:r of Pubtkations, Delhi- n0054: . ... .. ~ - :: ' 3 ·] '• r \ I :i \