220 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES
252 THE GAZETTE OF INDIA EXTRAORDINARY, FEB. 26,1948
Duties levied 249, (1) Such stamp duties and such duties of
by the Union excise on medicinal and toilet preparations as are
but collected mentioned in the Union List shall be levied by the
and appro- Government of India but shall be collected—
priated by
the States. (a) in the case where such duties are leviable 5
within any State for the time being
specified in Part II of the First Schedule,
by the Government of India, and
(b) in other cases, by the States within which
such duties are respectively leviable. 10
(2) The proceeds in any financial year of any
such duty leviable in that year within any State
shall not form part of the revenues of India, but
shall be assigned to that State.
Taxes levied 250. (I) The following duties and taxes shall be 15
and collec- levied and collected by the Government of India but
ted by the shall be assigned to the States in the manner provid-
Union but ed in clause (2) of this article, namely:—
assigned to
the States.
(a) duties in respect of succession to property 20
other than agricultural land;
(b) estate duty in respect of property other than
agricultural land;
(c) terminal taxes on goods or passengers
carried by railway or air;
(d) taxes on railway fares and freights. 25
(2) The net proceeds in any financial year of any
such duty or tax, except in so far as those proceeds
represent proceeds attributable to States for
the time being specified in Part II of the First
Schedule, shall not form part of the revenues of 30
India, but shall be assigned to the States within
which that duty or tax is leviable in that year, and
shall be distributed among those States in accord-
ance with such principles of distribution as may be
formulated by Parliament by law. 35
Taxed levied
- (1) Taxes on income other than agricultural and collec- income shall be levied and collected by the Govern- ted by the ment of India and distributed between, the Union Union and and the States in the manner provided in clause (2) distributed of this article. 40 between the
Union and (2) Such percentage, as may be prescribed, of
the States. the net proceeds in any financial year of any such