(1) The Government shall, before the end of each financial year, by notification published in the Gazette, fix the selling price of every forest produce for the following financial year.
(2) Notwithstanding anything contained in sub-section (1), the Government shall, as soon as may be after the commencement of this Act, by notification published in the Gazette, fix the selling price of every forest produce for the period commencing on the date of publication of such notification and ending with the 31st day of March, 1979.
(3) Before fixing the selling price of any forest produce under sub-section (1) or subsection (2), the Government shall consult the committee and consider its recommendations.
(4) Notwithstanding anything contained in the foregoing provisions of this section, the Government may, if they decide that it is necessary so to do, refix the selling price of any forest produce during the course of a financial year:
Provided that before refixing the selling price under this sub-section, the Government shall consult the Committee and consider its recommendations.