Act Number: 45

Act Name: The Coir Industry Act, 1953

Year: 1953

Enactment Date: 1953-12-23

Long Title: An Act to provide for the establishment of a Board for the development of the Coir Industry and for that purpose to levy a customs duty on coir fiber, coir yarn and coir products exported from India and for matters connected therewith.

Ministry: Ministry of Micro, Small and Medium Enterprises

Department:

Section 15: Constitution of Fund.
    (1) There shall be formed by the Board a Fund to be called the Coir Fund and there shall be credited thereto--
         (a) the proceeds of the cess made over to the Board by the Central Government;
         (b) any other fee that may be levied and collected under this Act or the rules made thereunder;
         1[(c) any sum of money that may be paid by way of grants under section 14A.]
     (2) The Fund shall be applied towards meeting the expenses of the Board and the cost of the measures referred to in section 10.
Notes:
1 Ins. by s. 5, ibid. (w.e.f. 16-6-1964).
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