Union Duties of Excise (Distribution) Act : DEFINITION Indian Bare Acts :

Union Duties of Excise (Distribution) Act,1979

Act No : 24

Section : DEFINITION

SECTION 02: DEFINITION

In this Act, the expression "distributable Union duties of excise" means 41[forty-seven and a half per cent] of the net proceeds of Union duties of excise, other than on electricity, levied and collected under the Central Excises and Salt Act,
1944-and any other law for the levy and collection of such duty, unless the law earmarks the proceeds of the duty for any special purpose. Explanation.- The expression "net proceeds" has the same meaning as in clause (1) of Article 279 of the Constitution-