Under the Prevention of Black-marketing and Maintenance of Supplies of Essential Commodities Act, 1980,…
Clause (b) of the Explanation to section 3(1) covers gain-seeking dealings in an ECA essential commodity or a commodity governed by another qualifying law, where the…
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Under the Prevention of Black-marketing and Maintenance of Supplies of Essential Commodities Act, 1980, the expression "acting in any manner prejudicial to the maintenance of supplies" includes acts that:
Answer and explanation
Correct answer A
Clause (b) of the Explanation to section 3(1) covers gain-seeking dealings in an ECA essential commodity or a commodity governed by another qualifying law, where the dealings defeat or tend to defeat that law directly or indirectly. Lawful export dealings that do not prejudice the protected supplies do not meet that test, while the private character of a transaction does not itself create an exemption.