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[Cites 0, Cited by 0] [Section 4A] [Entire Act]

Union of India - Subsection

Section 4A(6) in The Aluminium (Control) Order, 1970

(6)Where the sale prices of indigenous and imported aluminium have been enhanced with a view to reimbursing a producer for an imminent increase in his cost of production or for an increase in his cost of production likely to be brought about as a result of a decision of a Court, the Central Government may direct payment of such sums of money as may be determined by it to the producer from the Aluminium Regulation Account by way of reimbursement of additional cost incurred by the producer in this behalf.] [Inserted by S.O. 229(E), dated 27th March, 1981 (w.e.f. 27th March, 1981).][ [(7)] [Inserted by S.O. 565(E), dated 4th October, 1979 (w.e.f. 4th October, 1979).]For the purpose of pooling the weighted average of retention prices and the prices of imported aluminium, in any one period, the weighted average of retention prices with excise duty for that period shall be multiplied by the quantity of the indigenous aluminium estimated to be produced in that period. To the product so arrived at shall be added another product obtained by multiplying the estimated price of imported aluminium inclusive of import duty, if there be any, for that period, by the quantity of imported aluminium estimated to be available for sale in the same period. The sum of these two products shall be divided by the sum of the quantities of the indigenous aluminium and imported aluminium estimated to be available for sale in the said period. The aluminium price equalisation amount shall then be calculated by subtracting the amount of the weighted average of retention prices plus excise duty from the amount of the pooled price so arrived at according to the following formula: -
(i) P =| (A x B) + (C x D)(A x C)/(A x C)
(ii) E = P - B
WhereA = Quantity of indigenous aluminium estimated to be available for sale in any one period.B = Weighted average retention prices of indigenous aluminium with excise duty for that period;C = Quantity of imported aluminium estimated to be available for sale in the same period ;D = Estimated price of imported aluminium inclusive of import duty, if any;P = Pooled price ;E = Aluminium price equalisation amount.]