Part XII · Distribution of Revenues between the Union and the States

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

This article covers stamp duties. Stamp duties in the Union List are levied by the Government of India. They are collected by the States when the dutiable instrument is executed there. The proceeds belong to the States. This is a Union levy whose fruit goes to the States.

1. (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 Union territory, by the Government of India, and (b) in other cases, by the States within which such duties are respectively leviable.
2. (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.

अनुच्छेद 268 हिन्दी में