PART XII FINANCE, PROPERTY, CONTRACTS AND SUITS · CHAPTER I.— FINANCE · General

Article 268: Duties levied by the Union but collected and appropriated by the States

(1) Such stamp duties 2*** as are mentioned in the Union List shall be levied by the Government of India but shall be collected—

(a)	in the case where such duties are leviable within any ¹[Union

territory], by the Government of India, and

(b)	in other cases, by the States within which such duties are

respectively leviable.

(2) The proceeds in any financial year of any such duty leviable within any State shall not form part of the Consolidated Fund of India, but shall be assigned to that State.

Footnotes in the official text

1.Subs. by the Constitution (Seventh Amendment) Act, 1956, s. 29 and Sch., for "State Specified in Part C of the First Schedule" (w.e.f. 1-11-1956).

Questions on this article

6 questions in 17 of our papers cite Article 268. Try these from the free papers:

1. Which of the following is levied and collected by the Government of India and distributed between the Union and the States under Article 270(1) of the Constitution?
2. Consider the following statements about the stamp duties mentioned in the Union List, under Article 268 of the Constitution: 1. They are levied by the Government of India. 2. Where such a duty is leviable within a State, it is collected by that State. 3. The proceeds of such a duty leviable within a State form part of the Consolidated Fund of India and are then distributed under Article 270. Which of the statements given above is/are correct?

Practise questions on Constitutional Law