https://www.taxtmi.com/caselaws?id=173250 Cotton yarn was treated as part of "cotton textiles" for purposes of the Cotton Textiles (Control) Order, 1948 under the Essential Commodities Act, 1955, because legislative usage, tariff treatment and administrative practice consistently included yarn within textile regulation. The price-control notifications were described as valid regulatory measures: the statutory power to secure equitable distribution and fair availability at reasonable prices permitted empirical price fixation based on market conditions and shortage, without a rigid cost-plus formula. The canalisation of yarn distribution through specified channels was likewise justified as a reasonable restriction aimed at preventing hoarding, speculation and profiteering. en-us Mon, 26 Nov 1973 00:00:00 +0530 Thu, 10 Sep 2015 18:25:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173250 Cotton yarn was treated as part of "cotton textiles" for purposes of the Cotton Textiles (Control) Order, 1948 under the Essential Commodities Act, 1955, because legislative usage, tariff treatment and administrative practice consistently included yarn within textile regulation. The price-control notifications were described as valid regulatory measures: the statutory power to secure equitable distribution and fair availability at reasonable prices permitted empirical price fixation based on market conditions and shortage, without a rigid cost-plus formula. The canalisation of yarn distribution through specified channels was likewise justified as a reasonable restriction aimed at preventing hoarding, speculation and profiteering. Case-Laws Indian Laws Mon, 26 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173250