The Gazette of India
EXTRAORDINARY
PART I—Section I
PUBLISHED BY AUTHORITY
No 40] NEW DELHI, TUESDAY, FEBRUARY 6, 1979/MAGHA 17, 1900 Separate paging is given to this Part in order that it may be filed as a separate compilation.
270 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—&c. 11MINISTRY Ol PETROLKLM, C HKMICAIJS AND FERTILIZERS
(Department of Cheinkuls and Fertilizers)
New Delhi, the 1st February. 1979
RESOLUTION
No. 4(Z0)/78-FDA-I.—- The Government had introduced wiili cfFect from 16th March, 1976 a scheme of price sup- poil on phosphatic fertilizers ;it a uniform rate of Rs. 1250/- per tonne of P., O-, in order to hring down the prices and to m.'ike these fertilizers available to farmers at a reasonable rate, The price of each phosphulic fertilizer product was brought down to the extent of price support applicable on such product, depending on the content of P., O,-, therein. With effect from 1st November, 1977, the Government in- troduced a system of retention prices) for the straight nitro- genous fertilizers, namely, Urea, Ammonium Sulphate and Calcium Ammonium Nitrate, based on the recommendations of the Fertilizer Prices Committee. The system provided for a fair evfactory retention price for the nitrogenous fertilizers, hayed on prescribed levels of capacity utilisation and slipu- laled consumption norms and a post-lax return of 12 per cent on the net worth.
2. Based on the recommendations of the Fertilizer Prices Committee, Ihe Government have now decided to introduce a system of retention prices for the complex phosphatic ferti- lizers alyo. This provides for a post-tax return of 12 per cent on the net worth based on prescribed levels of capacity utilisation and stipulated consumption norms. Under this system, the mnnutactureru of complex phosphatic fertilizers will be paid the difference between their ex-works price (with- out subsidy) in terms ot the current prevailing prices of complex fertilizers and the fair ex-works reiention prices determined for their products. The scheme of uniform price support on complex phosphalic fertilizers will, therefore, be replaced by a scheme ot price suppoit rclnted to the fail ex-works retention price determined for each product manu- factured.
3. The scheme of retention prices for complex phosphalic fertilizers will come into foice with effect from the hit Feb- luruv. Jy?9.
4. The Government have also decided to brini; the com- plex phosphatic fertilizers within the purview of the statutory price control with effect from 1st February, 1979 and orders have simultaneously been issued in this regard under the Fertilizer Control Order.
5. The scheme of retention prices for complex phosphatic fertilizers will be operated by the Fertilizer Industry Coordi- nation Committee which is operating the scheme of reiention prices for straiflht nitro"enous fertilizers.
6. The current set of ex-works retention piices will be in force upto 31st March, 1979. For the next pricing period commencing from 1st April, 1979, retention prices will be worked out bv the Fertilizer Industry Coordination Committee.
ORDER
No. 4(20)/78-FDA-I.—Ordered that a copy of this Resolu- tion be communicated to all the State Governments, Union Territory Administrations, Lok Sabha and Rajya Sabha Secretariats and the concerned Ministries and Departments of the Government of India.
Ordered also that the Resolution be published in the Gazette of India for Kencrnl information.
S. M. KFJ.KAR, .11. Secv.