Section 5
Discharge of persons of liability in respect of amounts credited to the Fund.
The Levy Sugar Price Equalisation Fund Act, 1976
About this Act
An Act to provide for the establishment, in the interest of the general public, of a fund to ensure that the price of levy sugar may be uniform throughout India and for matters connected therewith or incidental thereto.
Where any
amount is credited to the Fund under section 3, 1
[the producer concerned] shall, upon such crediting, be
discharged from the liability to make repayment of such amounts to the persons entitled thereto and such
discharge from liability to make repayment shall be without any prejudice to any penalty which may be
imposed on such producer for each excess realisation made by him.
Notes
1. Subs. by Act 54 of 1984, s. 4, for "the producer by whom such amount is credited" (w.e.f. 23-8-1984).