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[Cites 0, Cited by 50] [Section 3] [Entire Act]

Union of India - Subsection

Section 3(3) in The Essential Commodities Act, 1955

(3)Where any person sells any essential commodity in compliance with an order made with reference to clause (f) of sub-section (2), there shall be paid to him the price therefore as hereinafter provided:
(a)where the price can, consistently with the controlled price, if any, fixed under this section, be agreed upon, the agreed price;
(b)where no such agreement can be reached, the price calculated with reference to the controlled price, if any;
(c)where neither clause (a) nor clause (b) applies, the price calculated at the market rate prevailing in the locality at the date of sale.