The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 55] NEW DELHI, THURSDAY, FEBRUARY 27, 1964/PHALGUNA 8, 1885
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF FINANCE
(Department of Economic Affairs)
ORDER
New Delhi, the 2tith February 1964
S.O. 726.—In exercise of the powers conferred by section 23 of the State of Naga- land Act, 11)62 (21 of 1962), the President hereby makes the following amendments In the Union Duties of Excise (Distribution) Act, 1062 (3 of 1962), the Additional Duties of Excise (Goods of Special Importance) Act, 1057 (58 of 1957), the Estate Duty (Distribution) Act, 1962 (9 of l962) and the Constitution (Distribution of Revenues) Order, 1962, namely;—
1. In the Union Duties of Excise (Distribution) Act, 19G2, section 3 shall be re-numbered as sub-section (1) thereof and after that sub-section as so re-numbered, the following sub-section shall be inserted, namely:—
"(2) There shall also be paid out of the Consolidated Fund of India to the State of Nagaland, an amount equal to 0.03 per cent, of the distributable Union duties of excise during the financial year 1063-04 and an amount equal to 0.1 per cent, of the distributable Union duties of excise during each of the subsequent financial years".
2. In the Second Schedule to the Additional Duties of Excise (Goods of Special Importance) Act, 1957, in paragraph 2—
(i) the word "and" occurring at the end of clause (a) shall be omitted;
(ii) after clause (a), the following clause shall be inserted, namely:—
"(aa) to the State of Nagaland, as Irom the date of lormation of that State, a sum equal to 0.05 per cent, of the net proceeds:
Provided that a sum equal to 0.02 per cent of the net proceeds during the financial year 1963-64 shall be payable In respect of the period ending with the 3lst March, 1964";
I 96 THE GAZETTE OF INDIA EXTRAORDINARY [FAIT I I - S K. S (11)] (lv) in the proviso, after the word, brackets and letter "clause (a)", the words, brackets and letters "or clause (aa)" shall be inserted.8. In the Estate Duty (Distribution) Act, 1902, to sub-section (lj of section 3, tlu following provisos shall be addea, namely:—
"Provided that the amount attributable to the Union territories shall b" taken to be 0.98 per cent during the financial year 1963-04 and 0.95 per cent, during each of the subsequent financial years:
Provided further that out oJ! the amount distributable among the State*, there shall be paid to the State of Nagaland during the financial year 1903-04, 0 02 per cent., and during each of the subsequent financial yearn, 0.03 per cent of the net proceeds and. only the balance distributed among the remaining States in accordance with the pruvisions of sub- Bectlon (2)".
4. In th" Constitution (Distribution of Revenues) Order, 1962—
(i) in paragraph 3, after sub-paragraph (2), the following sub-paragrapk shall be Inserted, namely:—
"(3) There shall also be paid to the State of Nagaland during th" financial year 1963-64, an amount equal to 0.03 per cent, and during each ol the subsequent financial years an amount equal to 0.1 per cent, of the net proceeds of the taxer. on income, except in so fur as thos" proceeds represent proceeds attributable to Union territories or to tttxwi payable in respect of Union emoluments";
(U) to paragraph 4, after clause (a) of sub-paragraph (1), the following claune shall be Inserted, namely:—
"(a") a sum of Rs. 75 lakhs during the financial year 1963-94, Rs. 250 lakhs during th" financial year 2964-65 and Rs. 275 lakhs during the Onandal year 191t3-86 as grant-in-aid of the revenues oi the State •f Naisdand;".
(3d.) S. RADHAKRISHNAN,
President. •—• [F. No, 12(6)-B/82.] SHIV NAUBH SINGH, Jt, Beef.