Constitution Section 273 — Grants in lieu of export duty on jute and jute products

Part XII — FINANCE, PROPERTY, CONTRACTS AND SUITS — General

Constitutional

Summary

Each year, the government must pay a fixed amount from its main account to the states of Assam, Bihar, Odisha, and West Bengal. This payment is made instead of giving those states a share of the money collected from export duties on jute and jute products. The amount to be paid is set by rules made under the Constitution. This payment will continue as long as the central government collects an export duty on jute or jute products, but it will stop after ten years from when the Constitution began, whichever comes first. The term "prescribed" here means the same as it does in Article 270 of the Constitution.

Official Text

(1) There shall be charged on the Consolidated Fund of India in each year as grants-in-aid of the revenues of the States of Assam, Bihar, Odisha and West Bengal, in lieu of assignment of any share of the net proceeds in each year of export duty on jute and jute products to those States, such sums as may be prescribed.

(2) The sums so prescribed shall continue to be charged on the Consolidated Fund of India so long as any export duty on jute or jute products continues to be levied by the Government of India or until the expiration of ten years from the commencement of this Constitution whichever is earlier.

(3) In this article, the expression “prescribed” has the same meaning as in article 270.