## CONSTITUTION 279

### CONSTITUTION 279 — Calculation of "net proceeds", etc
- https://unisonlegal.in/statutes/constitution/279

> 279. Calculation of "net proceeds", etc.-(1) In the foregoing
provisions of this Chapter, "net proceeds" means in relation to any tax or duty
the proceeds thereof reduced by the cost of collection, and for the purposes of
those provisions the net proceeds of any tax or duty, or of any part of any tax or
duty, in or attributable to any area shall be ascertained and certified by the
Comptroller and Auditor-General of India, whose certificate shall be final.
(2) Subject as aforesaid, and to any other express provision of this Chapter,
a law made by Parliament or an order of the President may, in any case where
under this Part the proceeds of any duty or tax are, or may be, assigned to any
State, provide for the manner in which the proceeds are to be calculated, for the
time from or at which and the manner in which any payments are to be made,
for the making of adjustments between one financial year and another, and for
any other incidental or ancillary matters.

1. Subs. by the Constitution (Sixtieth Amendment) Act, 1988, s. 2, for "two hundred and
fifty rupees" (w.e.f. 20-12-1988).
2. Proviso omitted by s.2, ibid. (w.e.f. 20-12-1988).
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