Bare ActsThe Odisha Port Trust Act, 1962

Section 89

(1) The proceeds of

Amendment status not verified — confirm the current text below against the official source.

(1) The proceeds of. every such sale shall be applied 'in the following order or priority, namely .- prwcda. (a) in payment of the expenses of the. salt ; (b) in payment, according' to their respective priorities of the Liens subject to the provi- sions of section 82 ; and Ic) in payment of the rates and expenses of landing, removing, storing or warehousing the same, and of all other charges due. to the Board in respect thereof. (2) The surplus, -if any, shall be paid to the importer, owner or consignee of the goods, or to his agents on his applying for the same : Provided that such application shall be made within one year from the sale or reason be shown to the satisfaction of the Board why such application was not so made ; and ib case such application has not been so made or reason shown, 'such surplus shall be heId by the Board upon trust for the purposes of t h i s Act. ~ccovtry oi

Section 89 – The Odisha Port Trust Act, 1962 | DailyLaw.ai