https://www.taxtmi.com/caselaws?id=175439 Clause 5A of the Sugarcane (Control) Order, 1966 introduced a statutory scheme under which the additional price payable to sugarcane growers is to be met from surplus realised on free sale sugar, shared 50:50 between growers and industry. Levy sugar price under Section 3(3C) of the Essential Commodities Act, 1955 must therefore be fixed by reading the pricing provision with that scheme, while also having regard to minimum cane price, manufacturing cost, taxes, duties and a reasonable return on capital employed. A pricing method that mops up the entire excess realisation from free sale sugar cannot extinguish the industry's statutory share. Accordingly, later levy price notifications based on that approach were held unsustainable, and fresh refixation was directed. en-us Wed, 22 Sep 1993 00:00:00 +0530 Sat, 21 Nov 2015 11:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175439 Clause 5A of the Sugarcane (Control) Order, 1966 introduced a statutory scheme under which the additional price payable to sugarcane growers is to be met from surplus realised on free sale sugar, shared 50:50 between growers and industry. Levy sugar price under Section 3(3C) of the Essential Commodities Act, 1955 must therefore be fixed by reading the pricing provision with that scheme, while also having regard to minimum cane price, manufacturing cost, taxes, duties and a reasonable return on capital employed. A pricing method that mops up the entire excess realisation from free sale sugar cannot extinguish the industry's statutory share. Accordingly, later levy price notifications based on that approach were held unsustainable, and fresh refixation was directed. Case-Laws Indian Laws Wed, 22 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175439