Act Number: 29

Act Name: The Tea Act, 1953

Year: 1953

Enactment Date: 1953-05-28

Long Title: An Act to provide for the control by the Union of the Tea industry, including the control, in pursuance of the International Agreement now in force, of the cultivation of tea in, and of the export of tea from, India and for that purpose to establish a Tea Board and levy a duty of excise on tea produced in India.

Ministry: Ministry of Commerce and Industry

Department: Department of Commerce

Section 28A: Writing off of losses.
    1[28A. Writing off of losses.--Subject to such conditions as may be specified by the Central Government, where the Board is of opinion that any amount due to, or any loss, whether of money or of property, incurred by the Board is irrecoverable, the Board may, with the previous approval of the Central Government, sanction the writing off finally of the said amount or loss:
     Provided that no such approval of the Central Government shall be necessary where such irrecoverable amount or loss does not exceed in any individual case and in the agreegate in any year such amounts as may be prescribed.]
Notes:
1. Ins. by Act 24 of 1986, s. 3 (w.e.f. 15-8-1986).
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