250. (1) The following duties and taxes shall be levied and collected by the Government of India but shall be assigned to the States in the manner provided in clause (2) of this article, namely:-
(a) Duties in respect of succession to property other than agricultural land;
(b) Estate duty in respect of property other than agricultural land;
(c) Terminal taxes on goods or passengers carried by railway or air;
(d) Taxes on railway fares and freights.
(2) The net proceeds in any financial year of any such duty or tax, except in so far as those proceeds represent proceeds attributable to States for the time being specified in Part II of the First Schedule, shall not form part of the revenues of India, but shall be assigned to the States within which that duty or tax is leviable in that year, and shall be distributed among those States in accordance with such principles of distribution as may be formulated by Parliament by law.