Section 8
Power to suspend, reduce or remit the amount of compulsory deposit. Repealed
The Compulsory Deposit Scheme Act, 1963
About this Act
An Act to provide in the interest of national economic development for compulsory deposit and for the framing of a scheme in relation thereto.
Where the State
Government has suspended payment of land-revenue, or reduced or remitted the amount of land-revenue,
payable in any year in respect of any land, then, the Central Government may, by order, suspend payment
of the compulsory deposit, or reduce or remit the amount of such deposit payable in that year under
section 4 by a person falling under clause (a) of section 2.