Section 15C: Revenue to planters from molasses

15C. Revenue to planters from molasses (1) The revenue accruing to a planter per tonne of cane for molasses at 86-degree brix accruing to him out of canes supplied by him and sold on his behalf shall be derived from a basket of prices as the Mauritius Cane Industry Authority may determine. (2) The basket referred to in subsection (1) shall be made of— (a) the sale prices of molasses sold to— (i) distillers producing ethanol for blending with mogas or export; (ii) distiller bottlers producing potable alcohol for export; or (iii) any person using molasses to produce beverages and syrup, which shall be deemed to be equal to a deemed fob price as the Mauritius Cane Industry Authority may determine; (b) the sale price for exports of molasses, which shall be equal to the deemed fob price as specified in paragraph (a); (c) the sale price to distiller bottlers producing potable alcohol for the domestic market or any person using molasses to produce syrups and beverages, which shall be equal to 1.75 times the deemed fob price specified in paragraph (a) and which shall not exceed such amount as may be prescribed under the Mauritius Cane Industry Authority Act; and (d) the contributions referred to in section 47 of the Mauritius Cane Industry Authority Act as appropriately converted by the Mauritius Cane Industry Authority into a price per tonne of molasses at 86-degree brix. (3) The price specified in subsection (2) (c) shall apply to such other uses as may be prescribed. (4) Users or exporters of molasses and persons making contributions pursuant to section 47 of the Mauritius Cane Industry Authority Act shall make payments on a quarterly basis to the Mauritius Cane Industry Authority. (5) The Mauritius Cane Industry Authority shall direct the payments made under subsection (4) to the Mauritius Sugar Syndicate which shall, in turn, effect distribution to planters. [S. 15C inserted by s. 9 of Act 34 of 2016 w.e.f. 1 January 2017.]