Ministry of Micro, Small and Medium Enterprises
The Coir Industry Act, 1953, is a key legislation that provides for the establishment of a Coir Board to promote the development of the coir industry in India. It also regulates the export of coir fiber, coir yarn, and coir products, and establishes a framework for the collection of customs duty on these exports. The Act aims to support the growth and sustainability of the coir sector.
1: Act Background and ministry under which this act is:
The Coir Industry Act, 1953, was enacted to provide for the establishment of a Board for the development of the Coir Industry. This act falls under the purview of the Ministry of Micro, Small and Medium Enterprises, Government of India. It seeks to promote and regulate the coir industry.
2: Enactment date, number of chapters, number of sections:
The Act was enacted on 23rd December 1953. It is divided into six chapters and has 27 sections.
3: Act Governed By:
The Act is primarily governed by the Coir Board, which is a body corporate established under the Act. The Ministry of Micro, Small and Medium Enterprises also plays a key role in overseeing the implementation of the Act. The Board is responsible for promoting the development of the coir industry and regulating its various aspects.
4: On Whom it is applicable:
This Act applies to all individuals and entities involved in the production, manufacture, and export of coir fiber, coir yarn, and coir products in India. This includes growers of coconuts, producers of husks and coir yarn, manufacturers of coir products, dealers, exporters, and other stakeholders in the coir industry.
5: Penalties/Punishments:
The Act prescribes penalties for various offenses, including:
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Exporting coir fiber, coir yarn, or coir products without a valid license.
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Contravention of any provisions of the act.
Penalties can include monetary fines, and the Act also provides for the prosecution of companies and individuals involved in such offenses.
6: Important Pointers:
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The Act establishes the Coir Board to promote the development of the coir industry.
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It regulates the export of coir fiber, coir yarn, and coir products.
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It provides for the imposition of a customs duty on these exports.
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The Act outlines the functions of the Board, including promoting exports, regulating production, and conducting research.
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It empowers the Board to set standards, license exporters, and promote co-operative organizations.
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The Act includes provisions for the management of the Coir Fund.
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It also addresses issues related to the control of the Central Government over the Board’s activities.
7: Act Copy: