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Customs - Allied Acts05.02.2008

Sugar Development Fund (Amendment) Ordinance, 2008

Document Text

THE SUGAR DEVELOPMENT FUND (AMENDMENT) ORDINANCE, 2008 [No.4 of 2008] [5th February, 2008.] Promulgated by the President in the Fifty-ninth Year of the Republic of India. An Ordinance further to amend the Sugar Development Fund Act, 1982 and the Sugar Cess Act, 1982. WHEREAS Parliament is not in session and the President is satisfied that circumstances exist which render it necessary for her to take immediate action; Now, THEREFORE, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance:- 1. Short title and commencement. - (1) This Ordinance may be called the Sugar Development Fund (Amendment) Ordinance, 2008. (2) It shall come into force at once. 2. Amendment of section 4. - In the Sugar Development Fund Act, 1982 (4 of 1982), in section 4, in sub-section (1), after clause (bbb), the following clause shall be inserted, namely:- "(bbbb) for defraying expenditure for the purpose of financial assistance to sugar factories towards interest on loans given in terms of any scheme approved by the Central Government from time to time.". 3. Amendment of section 3. - In the Sugar Cess Act, 1982, in section 3, in sub-section (I),:- (a) for the words "fifteen rupees", the words "twenty-five rupees" shall be substituted; (b) the proviso shall be omitted. PRATIBHADEVISINGH PATIL President

Source: Government of India — Customs - Allied Acts, dated 05.02.2008. Text is machine-extracted for reference; the officially published version prevails. Not legal advice.

HS Codes Referenced

19822008

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