KRISHNA COCONUT CO. & ANR. vs EAST GODAVARI COCONUT & TOBACCO MARKETCOMMITTEE

The Supreme Court upheld the High Court's interpretation of Section 11(1) of the Madras Commercial Crops Market Act, 1933, affirming that the levy of fees on goods 'bought and sold' applies to transactions completed within the notified area. The Court clarified that the phrase 'bought and sold' encompasses both the purchase by dealers and the corresponding sale by producers, thus validating the fee charged by the Market Committee. The Court rejected the appellants' argument that the levy was invalid due to sales occurring outside the notified area, confirming the fee's legality.