Amendment status not verified — confirm the current text below against the official source.
The Central Government shall, as soon as may be in each financial year, pay to the Board a sum equivalent to the net proceeds (determined in like manner to that provided in sub-section (1) of Section 144 of the Government of India Act, 1935 (26 Geo. V, ch. 2)) of the duty of excise realised under Section 5 during the preceding year.