The Union Duties of Excise (Distribution) Act, 1979
The Union Duties of Excise (Distribution) Act, 1979 is an Indian law act that deals with the distribution of revenue collected from excise duties by the Union government.
Summary
The Union Duties of Excise (Distribution) Act, 1979 is an Act of the Indian Parliament that lays down the provisions for the distribution of revenue collected from excise duties by the Union government among the various States and Union Territories. The Act ensures that a certain percentage of the revenue is shared with the State governments in accordance with the recommendations of the Finance Commission. It also lays down the rules and procedures for calculating and disbursing the revenue to the States and Union Territories. The Act further provides for the establishment of a special fund called the 'Consolidated Fund of India' which is used to credit the revenue collected from excise duties and to pay the amount due to the States and Union Territories.
Table of Contents
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title And Commencement | Open |
| 2 | Section 2: Definition | Open |
| 3 | Section 3: Payment To States Of Sums Equivalent To A Part Of The Net Proceeds Of Union Duties Of Excise And Distribution Of Sums Among Them | Open |
| 4 | Section 4: Payment To Be Charged On The Consolidated Fund Of India | Open |
| 5 | Section 5: Power To Make Rules | Open |
| 6 | Section 6: Repeal | Open |