Ministry of Finance TheDollarBusiness

Tobacco Board authorised to admit the registered traders and dealers Sl.2

Dated 4th January, 2017 | Copy of | Notification Sl.2 |

Whereas, the Central Government has been informed by the Tobacco Board that a large number of registered growers have cultivated flue cured virginia tobacco in excess of the authorised quantity and unregistered growers have also resorted to unauthorised flue cured virginia tobacco cultivation in the State of Karnataka, causing a mismatch between the demand and supply position;

And, whereas, the Central Government is satisfied that it is necessary and expedient to authorise Tobacco Board to allow the purchase of flue cured virginia tobacco and consider it appropriate to dispose of the excess flue cured virginia tobacco crop of the registered growers and the flue cured virginia tobacco crop of the unregistered growers at the designated auction platforms of the Tobacco Board in the State of Karnataka;

Now, therefore, in exercise of the powers conferred by section 20A, read with clause (g) of sub-section (2) of section 8 of the Tobacco Board Act, 1975 (4 of 1975), the Central Government hereby authorises the Tobacco Board to admit from the date of publication of this notification in the Official Gazette and upto the 31st March, 2017, the registered traders and dealers of the Tobacco Board to purchase at its auction platforms in the State of Karnataka, the excess flue cured virginia tobacco produced by the registered growers and flue cured virginia tobacco produced by unregistered growers in the State of Karnataka, subject to the following conditions, namely:-

(a) an amount of rupees two per kilogram and seven and half per cent. of the proceeds of the sale (including a normal service charge of one per cent. of proceeds payable by growers) shall be contributed to the Tobacco Fund by every registered grower for the excess flue cured virginia tobacco produced by him or her up to the extent of ten per cent. of the quota authorised for 2016-17 crop season;

(b) an amount of rupees two per kilogram and fifteen per cent. of the proceeds of the sale (including a normal service charge of one per cent. of proceeds payable by growers) shall be contributed to the Tobacco Fund by every registered grower for the flue cured virginia tobacco produced by him or her over and above the limit of ten per cent. of the quota authorised and also by every unregistered grower for the flue cured virginia tobacco produced by him or her for 2016-17 crop season;

(c) a copy of the Record of Rights in respect of tobacco crop for the year 2016 is to be furnished.

Sd/-
(Santosh Kumar Sarangi)
Jt. Secy.

S.O.31(E)
F.No.5/15/2013-EP(Agri-VI)
Issued by:
Ministry of Commerce and Industry
(Department of Commerce)
New Delhi

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The Dollar Business Bureau - Jan 24, 2017 12:00 IST