Article 273 of Constitution of India – Grants in lieu of export duty on jute and jute products
Article 273 of Constitution of India deals with Grants in lieu of export duty on jute and jute products
Original Text of Article 273 of Constitution of India
(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.
Questions related to Article 273 of Constitution of India
As per Indian Kanoon, Article 273 of the Indian Constitution provides for grants-in-aid to certain States in lieu of their share of export duty on jute and jute products, as determined by the Finance Commission.
Article 273 is significant among the Articles of Indian Constitution because it addresses compensation to States that formerly depended on export duties from jute, thereby ensuring financial support under the Constitution of India.
Under Article 273 of the Indian Constitution, States that were exporting jute and jute products and affected by the cessation of export duty are eligible for grants, as recommended by the Finance Commission, per Indian Kanoon.
Article 273 of the Constitution of India strengthens financial federalism by ensuring that affected States continue to receive revenue support for lost income from export duties, reflecting a compensatory approach in fiscal relations.
You can read the detailed legal provisions of Article 273 on Indian Kanoon. For UPSC preparation, simplified notes are available on 99notes.in that break down complex Articles of Indian Constitution for better understanding.
For Further Reference:
Other Related Links:
