Entry Instance

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{
    "id": 1042650,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1042650/?format=api",
    "text_counter": 430,
    "type": "other",
    "speaker_name": "",
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    "content": "(2) The levy imposed through a notice under subsection (1) shall be collected by the Board at a rate not exceeding one per centum of the auction value for teas sold through the auction and at such times, being not earlier than one after the date of publication of the notice, in such a manner, as is specified in the Notice. (3) The levy on tea imports shall be charged at a rate of one hundred per centum of the value of the imported teas. (4) The levy imposed under this section shall be levied and collected in such manner as the Cabinet Secretary may prescribe through regulations. (5) The tea levy collected under subsection (2) shall be apportioned as follows— (a) fifty per centum shall be applied by the Board for income or price stabilization for tea growers; (b) fifteen per centum shall be applied by the Board in the furtherance or exercise of any function or power of the Board; (c) twenty per centum shall be remitted directly to the Tea Research Foundation; (d) fifteen per centum shall be applied for infrastructure development in the tea subsector on a pro rata basis. (6) A person who fails to pay the tea levy imposed under this Act commits an offence. 24ZD. (1) There is established a Fund to be known as the Tea Fund which shall be managed by the Board."
}