Section 2
Definition.
The Union Duties of Excise (Distribution) Act, 1979
About this Act
An Act to provide for the payment out of the Consolidated Fund of India of sums equivalent to a part of the net proceeds of certain Union duties of excise to the States to which the law imposing the duty extends and for the distribution of those sums among those States in accordance with the principles recommended by the Finance Commission in its report dated the 25th day of November, 1994.
1[2. Definition.-- In this Act, the expression "distributable Union duties of excise" means 2[fortyseven and a half per cent.] of the net proceeds of Union duties of excise, levied and collected under the
Central Excises and Salt Act, 1944 (1 of 1944) and any other law for the levy and collection of such duty,
unless the law earmarks the proceeds of the duty for any special purpose.
Explanation.-- The expression "net proceeds" has the same meaning as in clause (1) of article 279 of the Constitution.]
Explanation.-- The expression "net proceeds" has the same meaning as in clause (1) of article 279 of the Constitution.]
Notes
1. Subs. by Act 17 of 1989, s. 3, for sections 2 and 3 (w.e.f. 1-4-1989).
2. Subs. by Act 31 of 1995, s. 3, for "forty-five per cent." (w.e.f. 1-4-1995).
2. Subs. by Act 31 of 1995, s. 3, for "forty-five per cent." (w.e.f. 1-4-1995).