The Tea Act, 1953 · V — FINANCE, ACCOUNTS AND AUDIT

Section 27. Constitution of Fund

In force · As amended up to 2026-08

27. Constitution of Fund .—(1) There shall be formed a Fund to be called the Tea Fund, and there shall be credited thereto— (a) the proceeds of the cess made over to the Board by the Central Government; 5 [(aa) any sum of money including dividend, if any, realised by the Board in carrying out any measure referred to in clause (jj) of sub-section (2) of section 10;] 6[7[(ab)] any sum of money that may be paid to the Board by way of grants of loans under section 26A;] (b) all fees levied and collected in respect of licences, permits and permissions issued under this Act; and (c) any other fee that may be levied and collected under this Act or the rules made thereunder. (2) The Fund shall be applied towards meeting the expenses of the Board and the cost of the measures referred to in section 10. 1. Subs. by Act 21 of 1967, s. 4, for section 25 (w.e.f. 13-8-1967). 2. Subs. by Act 24 of 1986, s. 2, for "at the rate of four paise per kilogram" (w.e.f. 15-8-1986). 3. Subs. by s. 2, ibid ., for the proviso (w.e.f. 15-8-1986). 4. Ins. by Act 22 of 1970, s. 2 (w.e.f. 23-5-1970). 5. Ins. by Act 68 of 1980, s. 5, for clause (aa) (w.e.f. 1-1-2006). 6. Ins. by Act 22 of 1970, s. 3 (w.e.f. 23-5-1970). 7. Clause (aa) re-lettered as clause (ab) by Act 68 of 1980, s. 5 (w.e.f. 1-1-2006).

Source: India Code

How this section changed

  1. inserted by Act 22 of 1970, s. 3

    In force from 23 May 1970

    Footnote: 6. Ins. by Act 22 of 1970, s. 3 (w.e.f. 23-5-1970).

  2. inserted by Act 68 of 1980, s. 5

    In force from 1 Jan 2006

    Footnote: 5. Ins. by Act 68 of 1980, s. 5, for clause (aa) (w.e.f. 1-1-2006).