Duties levied by the Union but collected and appropriated by the States
(1) Such stamp duties and such duties of excise on medicinal and toilet preparations 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 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.
This is an informational reference compiled from the public-domain text of the Constitution of India. For the authoritative version and latest amendments, refer to the official text published by the Government of India. For help with a real-life situation, see the Citizen Rights Guide.
Frequently Asked Questions
What does Article 268 of the Indian Constitution say?
(1) Such stamp duties and such duties of excise on medicinal and toilet preparations 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 Union territory, by the Government of India, and (b) in other cases, by t…
Which Part of the Constitution contains Article 268?
Article 268 falls under Part XII — Finance, Property, Contracts and Suits — of the Constitution of India.