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| - Constitution (Distribution of Revenues) No. 2 Order, 1995 in Constitution of India, 1950

snapp | COI 1950 0 Notes

Constitution (Distribution of Revenues) No. 2 Order, 1995.

1THE CONSTITUTION (DISTRIBUTION OF REVENUES) No. 2 ORDER, 1995

C.O. 158

In exercise of the powers conferred by article 270 of the Constitution, the President, after having considered the recommendations of the Finance Commission, hereby makes the following Order, namely:--

1. This Order may be called the Constitution (Distribution of Revenues) No. 2 Order, 1995.

2. The General Clauses Act, 1897 (10 of 1897), shall apply for the interpretation of this Order as it applies for the interpretation of a Central Act.

3. (1) For the purposes of clause (2) of article 270, 0.927 per cent. of so much of the net proceeds of taxes on income as does not represent the net proceeds of taxes payable in respect of Union emoluments shall represent the proceeds attributable to Union territories for each financial year commencing on and after the 1st day of April, 1995.

(2) The percentage of the net proceeds of the taxes on income, except in so far as those proceeds represent proceeds attributable to Union territories or to taxes payable in respect of Union emoluments, which is to be assigned to the States under the said clause in each of the financial years commencing on and after the 1st day of April, 1995 shall be 77.5 per cent. and the total amount to be so assigned shall be distributed among the States as follows:--

State

Percentage

(1)

( 2 )

1. Andhra Pradesh

8 . 465

2. Arunachal Pradesh

0 . 170

3. Assam

2.784

4. Bihar

12.861

5. Goa

0.180

6. Gujarat

4.046

7. Haryana

1.238

8. Himachal Pradesh

0.704

9. Jammu and Kashmir

1.097

10. Karnataka

5.339

11. Kerala

3.875

12. Madhya Pradesh

8.290

13. Maharashtra

6.126

14. Manipur

0 . 282

15. Meghalaya

0 . 283

16. Mizoram

0 . 149

17. Nagaland

0 . 181

18. Orissa

4 . 495

19. Punjab

1 . 461

20. Rajasthan

5 . 551

21. Sikkim

0 . 126

22. Tamil Nadu

6 . 637

23. Tripura

0 . 378

24. Uttar Pradesh

17 . 811

25. West Bengal

7 . 471:

2[Provided that for the financial year commencing on the 1st day of April, 2000, the "percentage of the net proceeds" shall be 80 per cent. instead of 77.5per cent.]

__________________________

1. Published with the Ministry of Law, Justice and Company Affairs, Notification No. G.S.R. 425(E), dated the 26th May, 1995, Gazette of India, Extraordinary, 1995, Part II, Section 3, Sub-section (i).

2. Inserted by C.O. 180, infra.

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