West Bengal Jute Goods Act, 1950 (No. 5 of 1950). Country/Territory India Territorial subdivision West Bengal Document type Legislation Date 1950 Source FAO, FAOLEX Long titleAn Act to provide for the prevention of certain dealings in jute goods. Subject Cultivated plants Keyword Textile plants/fibres Authorization/permit Processing/handling Internal trade Crops/grasses Geographical area Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia Abstract This Act empowers the State Government to prohibit the making of certain contracts relating to sale or purchase of jute goods made on a forward basis for rates that a below the market rates prevailing at such time. Additionally, the Act provides for penalties for violating the provisions of the Act. Full text English Website www.lawsofindia.org