Section 352T:
Contribution to the Fund.
1[352T. Contribution to the Fund.--(1) Contributions to the Fund, in respect of contributing oil
carried by sea to ports or terminal installations in India, shall be payable in accordance with Articles
10 and 12 of the Fund Convention.
(2) Sub-section (1) shall apply whether or not the contributing oil is imported, and
notwithstanding that contributions are payable to the Fund in respect of carriage of the same
contributing oil on a previous voyage.
(3) Contributions shall also be payable to the Fund in respect of contributing oil when first
received in any installation in India after having been carried by sea and discharged in a port or
terminal installation in a country which is not a Fund Convention country.
(4) The person liable to pay contributions to the Fund shall be--
(a) in case of contributing oil which is being imported into India, the importer; or
(b) in any other case, the person by whom the oil is received in India.
(5) A person shall not be liable to pay contributions to the Fund in respect of the contributing oil
imported or received by him in any year if the quantity of contributing oil so imported or received in
the year does not exceed one hundred and fifty thousand tones or as may be specified from time to
time in the Fund Convention.]
Notes:
1. Ins. by s. 27, ibid. (w.e.f. 1-2-2993).