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

Union of India - Subsection

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

(4)[] [Added by S.O. 74(E), dated 6th February, 1979, published in Gazette of India, Extraordinary, Part II, Section 30), dated 6th February, 1979.] Where the retention price, fixed under Clause 4-A in respect of [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] ingot or of any other specification produced by any producer is higher than the sale price in respect of [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] ingot or of such specification fixed under Clause 4, such producer shall be paid from the money standing to the credit the Aluminium Regulation Account, an amount equivalent to the difference between the retention price and sale price in respect of each tonne of [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] sold by him.[Provided] [Added by S.O. 74(E), dated 6th February, 1979, published in Gazette of India, Extraordinary, Part II, Section 30), dated 6th February, 1979.] that where the retention price of unwrought [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] produced and transferred by a producer to his auxiliary plant for further processing and sale as [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] of different specifications, is higher than the sale price, such producer shall be paid from the money standing to the credit of Aluminium Regulation Account, an amount equivalent to the product of the difference between the retention price and sale price in respect of each tonne of unwrought [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] and the number of tonnes of [indigenous aluminium] [Substituted by S.O. 565(E), dated 4th October, 1979 for the word, 'aluminium' (w.e.f. 4th October, 1979).] sold by such producer and for which no sale price has been fixed.