abhishreshthaa
Abhijeet S
POOL FUND:
According to the provisions of section 25 of the coffee Act, the sale proceeds of coffee are credited to a fund called Pool Fund. The pool fund transactions involve major activities as under:
a. Payment to growers whose number is more than a lakh, in 6-7 installments during a period of 6 months.
b. Arrangements payment to Pool agents with bank for keeping Funds at various places payment to growers through pool agents.
c. Periodical payment to pool agents and collecting agents of the board.
d. Payment of central excise duty, Export duty as well as duty of custom under the coffee act.
e. Accounting of stock accounts showing receipts and disposal.
According to the provisions of section 25 of the coffee Act, the sale proceeds of coffee are credited to a fund called Pool Fund. The pool fund transactions involve major activities as under:
a. Payment to growers whose number is more than a lakh, in 6-7 installments during a period of 6 months.
b. Arrangements payment to Pool agents with bank for keeping Funds at various places payment to growers through pool agents.
c. Periodical payment to pool agents and collecting agents of the board.
d. Payment of central excise duty, Export duty as well as duty of custom under the coffee act.
e. Accounting of stock accounts showing receipts and disposal.