Which commodities have been declared as essential commodities under the Essential Commodities Act, 1955?

CS Executive · Economic, Business and Commercial Laws · PYQS · June 2021
Which commodities have been declared as essential commodities under the Essential Commodities Act, 1955?

Answer & Explanation:

Section 2A of the Essential Commodities Act, 1955 dealing with Essential commodities declaration, etc. defines the "essential commodity" as to mean a commodity specified in the Schedule. Schedule to the Act lists out following commodities: Drugs: The explanation clarifies that for the purposes of this Schedule, "drugs" has the meaning assigned to it in Section 3(b) of the Drugs and Cosmetics Act, 1940; Fertilizer, whether inorganic, organic or mixed; Foodstuffs, including edible oilseeds and oils; Hank yarn made wholly from cotton; Petroleum and petroleum products; Raw jute and jute textiles; (i) Seeds of food-crops and seeds of fruits and vegetables; (ii) seeds of cattle fodder; and (iii) jute seeds.

Topics: Essential Commodities Act, 1955

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