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Section 5: Fixation of price.

Jammu and Kashmir Extraction of Resin Act, 1988Union territory Act of Jammu and Kashmir · Act 9 of 1988

(1) The [Government of the Union territory of Jammu and Kashmir] shall, having due regard to the following facts, fix the price at which resin shall be sold by it during a year, namely: ––

(a) the sale price of resin, if any, fixed under this Act during the preceding three years ;

(b) the cost of transport ;

(c) the cost of extraction of resin ;

(d) the cost of packing of resin including the cost of container in which resin is delivered ;

(e) the prevalent sale price at which resin is being sold in other resin producing States ;

(f) any other factor which the [Government of the Union territory of Jammu and Kashmir] considers necessary.

(2)The price so fixed shall be published in the [Official Gazette] and shall not be altered during the year to which it relates.

Where this provision sits

ActJammu and Kashmir Extraction of Resin Act, 1988
Section5
Marginal noteFixation of price.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted. Substituted ibid for “Government”.
  • substituted. Substituted for “Government” by S.O. 1229 (E) dated 31.03.2020.
  • substituted. Substituted ibid for “Government Gazette”.

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