State Act

JAMMU AND KASHMIR EXTRACTION OF RESIN ACT, 1988

5. Fixation of price. (1) The 2[Government of the Union territory of Jammu and Kashmir] shall, having due regard to the following facts, fix the price at which resin shall be sold by it during a year, namely: –– (a) the sale price of resin, if any, fixed under this Act during the preceding three years ; (b) the cost of transport ; (c) the cost of extraction of resin ; (d) the cost of packing of resin including the cost of container in which resin is delivered ; (e) the prevalent sale price at which resin is being sold in other resin producing States ; (f) any other factor which the 1[Government of the Union territory of Jammu and Kashmir] considers necessary. (2)The price so fixed shall be published in the 2[Official Gazette] and shall not be altered during the year to which it relates.