What is the Levy Sugar Price Equalisation Fund Act, 1976?
The Levy Sugar Price Equalisation Fund Act, 1976 is a Central Act with the number 31 of 1976. It was enacted to establish and maintain an equalization fund for levying sugar on prices to protect consumers from price fluctuations due to shortage or surplus production of sugar in the country. The purpose of this Act is to ensure a stable and fair price for sugar by stabilizing its production and distribution.