Provided further that no additional stamp duty shall be levied in respect of an instrument which is exempted from stamp duty under the Indian Stamp Act, 1899 or the rules made thereunder.

Zila Panchayat Raj Fund Zila Panchayat Raj Fund. —

1. (1) A separate fund by the name of "Zila Panchayat Raj Fund" (hereinafter referred to as the "said fund" in this section) shall be constituted at the district level and shall be operated in such manner as may be prescribed by the State Government.
2. (2) The proceeds of the development tax under sub-section
3. (3) of section 77 and such other taxes, fees, tolls, cess and other receipts as may be specified by the State Government, after deduction of such collection charges as may be determined by the State Government from time to time, shall be credited to the said fund.
4. (3) The proceeds of the additional stamp duty under section 75 shall first be credited to the Consolidated Fund of the State in such manner as may be prescribed, and the State Government may, at the commencement of each financial year, extract from the Consolidated Fund of the State such amount as may be equal to the proceeds collected by the State Government in the preceding financial year, provided that such provisions are made by law by the Legislative Assembly in this behalf through appropriation made by law.