https://www.taxtmi.com/caselaws?id=273077 Section 3(3C) of the Essential Commodities Act permits differential price fixation by area, factory, or kind of sugar, so a zonal system using zonal averages was treated as consistent with the statutory scheme. The Court accepted that fair pricing need not be based on the actual cost of every unit, but on a reasonably efficient representative cross-section. Price fixation based on Tariff Commission cost schedules, including depreciation, weighted averages, escalation items, and the return component, was considered substantially in conformity with the provision. Zonal classification based on geographical and agro-climatic factors was also held not to be discriminatory under Article 14. en-us Mon, 06 Nov 1972 00:00:00 +0530 Sat, 02 Jun 2018 13:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273077 Section 3(3C) of the Essential Commodities Act permits differential price fixation by area, factory, or kind of sugar, so a zonal system using zonal averages was treated as consistent with the statutory scheme. The Court accepted that fair pricing need not be based on the actual cost of every unit, but on a reasonably efficient representative cross-section. Price fixation based on Tariff Commission cost schedules, including depreciation, weighted averages, escalation items, and the return component, was considered substantially in conformity with the provision. Zonal classification based on geographical and agro-climatic factors was also held not to be discriminatory under Article 14. Case-Laws Indian Laws Mon, 06 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273077