{"id":5316,"date":"2025-01-10T18:37:19","date_gmt":"2025-01-10T13:07:19","guid":{"rendered":"https:\/\/indianlawsociety.com\/?p=5316"},"modified":"2025-01-12T15:58:41","modified_gmt":"2025-01-12T10:28:41","slug":"the-levy-sugar-price-equalisation-fund-act-1976","status":"publish","type":"post","link":"https:\/\/karma.law\/insights\/law-library\/the-levy-sugar-price-equalisation-fund-act-1976\/","title":{"rendered":"The Levy Sugar Price Equalisation Fund Act, 1976"},"content":{"rendered":"\n
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Download Act<\/span>Download Act<\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n

Ministry of Consumer Affairs, Food and Public Distribution<\/p><\/blockquote><\/figure>\n\n\n

The\u00a0<\/span>Levy Sugar Price Equalisation Fund Act<\/span><\/strong>, 1976, is a legislative measure enacted to establish a fund aimed at ensuring that the price of levy sugar is uniform throughout India. This Act addresses the need for price stabilization and aims to protect consumers by preventing price variations in different regions. The Act outlines the mechanisms for collecting excess realisations from sugar producers, crediting them to the\u00a0<\/span>Levy Sugar Price Equalisation Fund<\/span><\/strong>, and utilizing the fund for its intended purpose. It is a key instrument in regulating the\u00a0<\/span>sugar<\/span><\/strong>\u00a0industry and ensuring fair prices for consumers.<\/span><\/p>\n

Act Background and Ministry:<\/span><\/strong>
The\u00a0<\/span>Levy Sugar Price Equalisation Fund Act<\/span><\/strong>, 1976, was enacted by the Parliament of India. It was designed to establish a fund to ensure uniform levy sugar prices across India. The Act falls under the purview of the Ministry of Consumer Affairs, Food and Public Distribution, Government of India.<\/span><\/p>\n

Enactment Date, Number of Chapters, Number of Sections:<\/span><\/strong>
The Act was enacted on February 16, 1976. It is structured into 16 sections and has no formal chapters.<\/span><\/p>\n

Act Governed By:<\/span><\/strong>
The Act is primarily governed by the Central Government, which has the power to administer the Levy Sugar Price Equalisation Fund, determine questions related to excess realisations, and make rules for carrying out the purposes of the Act. The implementation of the Act also involves sugar producers, buyers, and other entities involved in the sugar trade.<\/span><\/p>\n

On Whom it is Applicable:<\/span><\/strong>
The Act is applicable to all sugar producers, buyers, and other entities involved in the production, sale, and distribution of levy sugar in India.<\/span><\/p>\n

Penalties\/Punishments:<\/span><\/strong>
The Act specifies penalties for non-compliance. These include:<\/span><\/p>\n