Amendment status not verified — confirm the current text below against the official source.
Every contract entered into by a market •f contracts. c e m m jttee shall be in writing and shall be signed by its Chairman, Secretary and two o ..er members •f the committee. Every market committee shall levy and cvy ' collect ja cess on the agricultural produce bought or sold in the market area at a rate not exceeding one rupee for every one hundr cd rupees of the aggregate amount for which a notified agricultural produce is bought or sold whether for cash or for deferred payment or other valuable considerations: Provided that no cess shall be levied on goods manu factured from the agricultural produce on which eoss is proposed to be levied and which are ultimately e x p o rte d out of the country. Explanation—-1. For the purpose of this section all notified agricultural produce taken out or proposed to be taken out of a market area, shall unless the contrary is proved, be presumed to be bought or sold within such area. 18 Explanation—2. The cess referred to in Sec tion 21 shall be paid by the purchaser of the notified agricultural produce concerned. Certain diffe-