The Central Government may, after due appropriation made by Parliament by law in this behalf, pay to the Authority by way of grants or loans such sums of money as the Central Government may think fit for being utilised for the purposes of this Act.
Section 16 - Constitution of Agricultural and Processed Food Products Export Development Fund
(1) There shall be formed a Fund to be called the Agricultural and Processed Food Products Export Development Fund and there shall be credited thereto-
(a) any sums of money which the Central Government may, after due appropriation made by Parliament by law in this behalf, provide from and out of the proceeds of the cess credited under Section 4 of the Agricultural and Processed Food Products Export Cess Act, 1985, after deducting there from the expenses of collection of the cess and the amount, if any, refunded ;
(b) all fees levied and collected in respect of registration and other matters under this Act or the rules made there under;
(c) any grants or loans that may be made by the Central Government for the purposes of this Act under Section 15; and
(d) any grants or loans that may be made by any State Government, voluntary organisation or other institution for the purposes of this Act:
PROVIDED that no such grant, loan or donation shall be credited to the Fund except with the prior approval of the Central Government.
(2) The Fund shall be applied for
(a) meeting the cost of the measures referred to in Section 10;
(b) meeting the salaries, allowances and other remuneration of the members, officers and other employees, as the case may be, of the Authority;
(c) meeting the other administrative expenses of the Authority and any other expenses authorised by or under this Act ; and
(d) repayment of any loan
Section 17 - Borrowing powers of the Authority
Subject to such rules as may be made in this behalf, the Authority shall have power to borrow on the security of the Agricultural and Processed Food Products Export Development Fund or any other asset for carrying out the purposes of this Act.
Section 18 - Accounts and audit
(1) The Authority shall maintain proper accounts and other relevant records and prepare an annual statement of accounts, 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 Authority shall be audited by the Comptroller and Auditor-General of India at such intervals as may be specified by him and any expenditure incurred in connection with such audit shall be payable by the Authority 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 Authority shall have the same rights and privileges and the authority in connection with such audit as the Comptroller and Auditor-General generally has in connection with the 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 Authority.
(4) The accounts of the Authority 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.