Amendment status not verified — confirm the current text below against the official source.
Declaring warehouse/silos/cold storage or other sub structure orpiace as market sub-yard. (I) Save as otherwise provided in this Act, the Government may. by notification, declare warehouse/silos/cold storage or other such structure or place with infrastructure and facilities as prescribed, to function as market sub-yard. Explanation: the expression 'place' under this sub-section shall include any structure, enclosure, open space, locality, street including pack house/cleaning grading & processing unit etc (2) The owner of such warehouse/cold Storage, or other such structure or 'place', as the case may be, desirous of declaration of such place as market sub-yard under sub-section (1). shall apply to the Managing Director. in such form and in such manner and such fee, and also for such period, but not less than three years, as may be prescribed. (3) The licensee of such warchouse!siloalcold storage or other such structure or place, may collect user charge on notified agricultural produce transacted at the declared market sub- yard under Section 15, at the rate ad valorem not exceeding the rate as notified by the Government. Provided that no user charge shall be collected from agriculturist-seller. (4) A declared market sub- yard licensee shall contribute, of such user charge collection, to the separate 'Revolving Marketing Development Fund" maintained by the MD at the rate in percentage at par with Market Committee. The Fund will be utilized for the purposes and in the manner mutatis mutandis to Section 13(5) of this Act.