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Section 18A: Writing off of losses.

The Tobacco Board Act, 1975Central Act · Act 4 of 1975

[18A. Writing off of losses.-- Subject to such conditions as may be specified by the Central Government, where the Board is of opinion that any amount due to, or any loss, whether of money or of property, incurred by, the Board is irrecoverable, the Board may, with the previous approval of the Central Government, sanction the writing off finally of the said amount or loss:

Provided that no such approval of the Central Government shall be necessary where such irrecoverable amount or loss does not exceed in any individual case and in the aggregate in any year such amounts as may be prescribed.]

Where this provision sits

ActThe Tobacco Board Act, 1975
Section18A
Marginal noteWriting off of losses.
JurisdictionCentral
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.

  • inserted, Act 57 of 1985. Ins. by Act 57 of 1985, s. 8 (w.e.f. 1-12-1985).

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