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Section 16 – The Agricultural And Processed Food Products Export Development Authority Act,1985

The Agricultural And Processed Food Products Export Development Authority Act,1985

16. Constitution of Agricultural and Processed Food Products Export Development Fund

(1) There shall be formed a Fund to be called the Agricultural and Processed Food Products Export Development Fund and there shall be credited thereto –

(a) any sums of money which the Central Government may, after due appropriation made by Parliament by law in this behalf provide from and out of the proceeds of the cess credited under section 4 of the Agricultural and Processed Food Products Export Cess Act,1985, after deducting therefrom the expenses of collection of the cess and the amount, if any, refunded;

(b) all fees levied and collected in respect of registration and other matters under this Act or the rules made thereunder;

(c) any grants or loans that may be made by the CentralGovernment for the purposes of this Act under section 15; and

(d) any grants or loans that may be made by any State Government, voluntary organization or other institution for the purposes of this Act:

Provided that no such grant, loan or donation shall be credited to the Fund except with the prior approval of the Central Government.

(2) The Fund shall be applied for –

(a) meeting the cost of the measures referred to in section 10;

(b) meeting the salaries, allowances and other remuneration of the members, officers and other employees, as the case may be, of the Authority;

(c) meeting the other administrative expenses of the Authority and any other expenses authorized by or under this Act; and

(d) repayment of any loan.

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The Agricultural And Processed Food Products Export Development Authority Act,1985

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