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Assigned Revenue

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The term is used to refer to various tax/duty/cess/surcharge/levy etc., proceeds of which are (traditionally) collected by State Government (on behalf of) local bodies viz., Panchayat/Municipality and (subsequently) adjusted with/assigned to them. Collection of such revenue is governed by relevant Act(s) administered by Panchayat/Municipality.

Typical examples of assigned revenue include entertainment tax, surcharge on stamp duty, local cess/surcharge on land revenue, lease amount of mines and minerals, sale proceeds of social forestry plantations etc. State Finance Commissions recommend devolution of assigned revenue to local bodies on objective criteria, which may be specified by them in specific context.

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