persons as may be appointed by the President after consultation with the Governors of the Provinces.
(2) It shall be the duty of the National Finance Commission to make recommendations to the President as to—
(a) the distribution between the Federation and the Provinces of the net proceeds of the taxes mentioned in clause (3);
(b) the making of grants-in-aid by the Federal Government to the Governments of the Provinces;
(c) the exercise by the Federal Government and Provincial Governments of the borrowing powers conferred by the Constitution; and
(d) any other matter relating to finance referred to the Commission by the President.
Explanation. —In this Article “net proceeds” means, in relation to any tax, the proceeds thereof reduced by the cost of collection.
(3) The taxes referred to in paragraph (a) of clause (2) are the following taxes raised under the authority of Parliament namely:
(a) export duty on jute and cotton, and any other specified export duty;
(b) taxes on income other than corporation tax;
(c) specified duties of Federal excise;
(d) taxes on sales and purchases; and
(e) any other specified tax.
(4) As soon as may be after receiving the recommendations of the National Finance Commission, the President shall by Order specify, in accordance with the recommendations of the Commission under sub-clause (a) of clause (2), the share of the net proceeds of the taxes mentioned in clause (3) which is to be allocated to each Province, and that share shall be paid to the Government of the Province concerned, and shall not form part of the Federal Consolidated Fund.
(5) The recommendations of the National Finance commission, together with an explanatory memorandum as to the action taken thereon, shall be laid before the National Assembly and the Provincial Assemblies.
119. Inter-Provincial trade- No Provincial Legislature or Provincial Government shall have power=
(a) to pass any law, or take any executive action, prohibiting or restricting the entry into, or export from, the Province of goods of any class or description; or
