Ins. by s. 119, ibid. (w.e.f. 12-5-2000). — THE CENTRAL SALES TAX ACT, 1956

7. Ins. by s. 119, ibid. (w.e.f. 12-5-2000). (3) The proceeds in any financial year of any tax, 1 [including any interest or penalty] levied and collected under this Act in any State (other than a Union territory) on behalf on the Government of India shall be assigned to the State and shall be retained by it; and the proceeds attributable to Union territories shall form part of the Consolidated Fund of India.]

Section 7