Grants in lieu of export duty on jute and jute products
Article 273 — Grants in lieu of export duty on jute and jute products
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.
Plain English Summary
This article deals with a financial arrangement where the Central Government pays out money to specific states (Assam, Bihar, Odisha, and West Bengal) instead of giving them a share of the export duty collected on jute and jute products. This payment is made as a substitute for an export duty that might otherwise be charged on these products.
Key Points
- The Central Government pays grants to four specific states (Assam, Bihar, Odisha, and West Bengal).
- This payment is made in place of giving those states a share of the money from any export duty on jute or jute products.
- This arrangement continues as long as the government levies an export duty on jute or until ten years after the Constitution began, whichever comes first.
- The term "prescribed" refers to what is defined in Article 270.
Why It Matters
It establishes a specific financial mechanism to support the revenue of these four states related to jute exports, ensuring they receive compensation for the export duties imposed on jute goods.
Landmark Judgements
No major landmark judgements.