Constitution of India

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PART XII (FINANCE, PROPERTY, CONTRACTS AND SUITS) >> CHAPTER I. FINANCE >> Distribution of Revenues between the Union and the States

Article 268. Duties levied by the Union but collected and appropriated by the State

(1) Such stamp duties ¹as 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 ²[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.

[1] The words “and such duties of excise on medicinal and toilet preparations” omitted by the Constitution (One Hundred and First Amendment) Act, 2016, s. 6 (w.e.f. 16-9-2016).
[2] 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).