constituent assembly of india debates (proceedings)- volume vii

may, in any case where under this Part of this Constitution the proceeds of any duty or tax are, or may
be, assigned to any unit, 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."
New Clause 202-A and 202-B. - After clause 202, insert the following clauses, namely: --
"202-A. Finance Commission. - (1) There shall be a Finance Commission which shall consist of a
Chairman and four other members to be appointed by the President in his discretion.
(2) The Chairman shall be a person who holds or has held judicial office not inferior in rank to that of
a Judge of a High Court.
(3) The members of the Commission shall receive such remuneration as the President may by order
determine and shall hold office for a term of five years and may on the expiry of such term be reappointed
for another term of five years.
(4) It shall be the duty of the Commission to perform the functions conferred on the Commission by
this Chapter or by any other law for the time being in force and to give advice to the Federal Government
upon such financial matters or to perform such other duties of a financial character as may from time to
time be referred or assigned to it by the President.
(5) The Commission shall determine its procedure and shall have such powers in the performance of
its function as the President may by order confer on it.
202-B. Recommendations of the Finance Commission. - The President shall cause every
recommendation made by the Finance Commission under the foregoing provisions of this Chapter
together with an explanatory memorandum, as to the action taken thereon by the President to be laid
before the Federal Parliament."
Clause 207. - To clause 207, add the following Explanation, namely: --
"Explanation. -- For the purposes of this section, any undertaking by the Government of any unit,
such as the sale of the forest produce of any forest under the control of such unit or of any article
produced in any jail within such unit, shall not be deemed to be a trade or business, carried on by or on
behalf of such Government."
Provisions relating to borrowing
Clause 210. -- In sub-clause (3) of clause 210, for the word "Province", in the two places where it
occurs, substitute the word "unit".
Ninth Schedule
Provincial Legislative Lists
In the Provincial Legislative List in the Ninth Schedule --
(1) in entry 43, omit the words "hearths and windows";