Jammu and Kashmir · Act 9 of 1988

Section 5 — Fixation of price.

JAMMU AND KASHMIR EXTRACTION OF RESIN ACT, 1988

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STATUTORY TEXT
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(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.

Source footnotes

2. Substituted ibid for “Government”.
1. Substituted for “Government” by S.O. 1229 (E) dated 31.03.2020.
2. Substituted ibid for “Government Gazette”.

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Next · Section 6Penalty. →All sections / सभी धाराएँJAMMU AND KASHMIR EXTRACTION OF RESIN ACT, 1988 →
More sections of this actSection 1 · Short title, extent and commencementSection 2 · Definitions.Section 3 · Ban on extraction by private persons.Section 4 · Disposal of resin.Section 6 · Penalty.Section 7 · Power to make rules.Section 8 · Repeal.
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India Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.

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Section 5 — Fixation of price. | JAMMU AND KASHMIR EXTRACTION OF RESIN ACT, 1988 | NYAYA SIGNAL

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