 8w no 43 of 1184 tile estate duty (distribution) amendment bill, 1984 a billfurtlier to amend the estate duty (distribution) act, 1962 be it enacted by parliament in the thirty-fifth year of the republic 9f india as follows:-1 (1) 'ibis act may be called the estate duty ~distribution) amendment act, 1984 short title and com-5 (2) it shall be deemed to have come into force on the lst day of april, 1984 mencement z in the long title of the estate duty (distribution) act, 1962 (hereinafter referred to as the principal act>, for the words figures and letters "report dated the 28th day of october, 1978", the words figures and let-i~ ters "interim report dated the 14th day of november, 1983" shall be substituted "1'  : amendment of long title ot act 90t 1962 3 in section 3 of the principal act, in sub-section (1 ),-amend_ ment ot section 3 (a) for the words figures and letters "each of the financial years commencing on and after the 1st day of aprij, 1979", the words, figures and letters, "the financial year comqaencing on the ist day of aprij, 1984" shall be substituted; (b) for the words "be distributed", the words "be distributed, provisionally," shall be substituted - statement of objects and reasonsthe net proceeds of estate duty in respect of property other than agricultural land levied and collected by the government of india are to be assigned to the states within which the duty is leviable, and distributed among them in accordance with such principles of distribution as may be formulated by parliament by law in terms of article 269 of the constitution the distribution of net proceeds of the duty levied a~d collected under the estate duty act, 1953 is at present made in tenns of the estate duty (distribution) act, 1962 as amended by the estate duty (disn,ibution) amendment act, 1979 on the basis of the recommendations of the seventh finance commission the eighth finance commission, in its inte,rim report dated 14th november, 1983 has 'recommended that the existing arrangements in tespect of the distribution between the union and the states of the net proceeds of estate duty may continue provisionary during the financial year commencing on the 1st day of april, 1984 this provisional distribution would, however, be subject to such readjustments as may be necessary on the basis of the final report of the commission this bill seeks to amend the estate duty (distribution) act, 1962 to give effect to the interim recommendations of the eighth finance commission regarding the provisional distribution of the net proceeds of the estate duty of property other than agricultural land, except the proceeds attributable to the union territories, among the states new delm; the 23rd april 1984 pranab mukherjee  annexure extracts from the eztate duty (distribution) act, 1962 (9 of 1962) - • - •an act to provide for the distribution of the net proceeds of the estate duty among the states in pursuance of the principles of distribution fonnulated and the recommendations madi by the finance commission in its report dated, the 28th day of october, 1978 3 (1) during each of the financial years commencing on and after the lst day of april, 1979, the net proceeds of estate duty levied and collected during that financial year shall, after deducting therefrom the net proceeds attributable to union territories, be distributed among 'he states in proportion to the gross value of all property situated in the respective states and brought j~ assessment in that financial year distribu_ tion of net proceeds' of estate dutya&9ig-ded to the slates  - - - - - a bill further to amend the estate duty (distribution) act, 1962 (sh,i pranab kuma, mukhe"jee, minister of finance) 