13. Imposition of a duty of customs on export of coir fibre, coir yarn and coir products.—(1)
With effect from such date as may be specified by the Central Government by notification in the Official
Gazette, there shall be levied and collected as a cess for the purposes of this Act a duty of customs on all
coir fibre, coir yarn and coir products which are exported 1
[at such rate not exceeding two rupees per
quintal] as the Central Government may, by the same or a like notification from time to time, fix.
(2) The cess levied under sub-section (1) shall be in addition to any other duty leviable under the
Indian Tariff Act, 1934 (XXXII of 1934), or any other law for the time being in force and shall be
collected by such agencies and in such manner as may be prescribed.
14. Payment of proceeds of cess to the Board.—The proceeds of the cess levied under sub-section
(1) of section 13 shall first be credited to the Consolidated Fund of India and the Central Government may
thereafter from time to time pay to the Board from and out of such proceeds such sums of money as it
may think fit after deducting the expenses of collection.
2
[14A. Grant by the Central Government to the Board.—The Central Government may, after due
appropriation made by Parliament by law in this behalf, pay to the Board by way of grants, such sums of
money as the Central Government may consider necessary.]
15. Constitution of Fund.—(1) There shall be formed by the Board a Fund to be called the Coir
Fund and there shall be credited thereto—
(a) the proceeds of the cess made over to the Board by the Central Government;
(b) any other fee that may be levied and collected under this Act or the rules made thereunder;
3
[(c) any sum of money that may be paid by way of grants under section 14A.]
(2) The Fund shall be applied towards meeting the expenses of the Board and the cost of the measures
referred to in section 10.
16. Borrowing powers of Board.—Subject to such rules as may be made in this behalf, the Board
shall have power to borrow on the security of the Fund or any other asset for any purposes for which the
Fund may be applied.
1. Subs. by Act 40 of 1960, s. 9, for the words “at such rate not exceeding one rupee per hundred weight” (w.e.f. 1-10-1960).
2. Ins. by Act 25 of 1964, s. 4 (w.e.f. 16-6-1964).
3. Ins. by s. 5, ibid. (w.e.f. 16-6-1964).
7
1
[17. Accounts and audit.—(1) The Board shall maintain proper accounts and other relevant records
and prepare an annual statement of accounts, including the profit and loss account and the balance-sheet
in such form as may be prescribed by the Central Government in consultation with the Comptroller and
Auditor-General of India.
(2) The accounts of the Board shall be audited by the Comptroller and Auditor-General of India at
such intervals as may be prescribed by him and any expenditure incurred in connection with such audit
shall be payable by the Board to the Comptroller and Auditor-General.
(3) The Comptroller and Auditor-General of India and any person appointed by him in connection
with the audit of the accounts of the Board shall have the same rights and privileges and authority in
connection with such audit as the Comptroller and Auditor-General has in connection with audit of
Government accounts, and in particular, shall have the right to demand the production of books, accounts,
connected vouchers and other documents and papers and to inspect any of the offices of the Board.
(4) The accounts of the Board as certified by the Comptroller and Auditor-General of India or any
other person appointed by him in this behalf together with the audit report thereon shall be forwarded
annually to the Central Government and that Government shall cause the same to be laid before each
House of Parliament.]