412

It is requisite, for excess sugar to receive the benefits of the exemptions referred to by §§ 409—411 of this title, that such sugar shall have been heretofore sold or shall hereafter be sold outside the domestic market, chargeable to the surplus from the 1951 and 1952 crops, at a price lower than the domestic price as of the date of the sale. Should the selling price, together with the exemptions granted under the provisions of §§ 409—411 of this title, turn out to be higher than the domestic sugar selling price as of the date of the sale of the surplus, such price excess shall be subtracted proportionately from the total of the exemptions. History —July 1, 1953, No. 123, p. 484, § 4, retroactive to Jan. 1, 1952.