What is the role of the Finance Commission in determining the distribution of proceeds from taxes and duties?
The Finance Commission plays a role in determining the distribution of proceeds from taxes and duties as per the context provided. Specifically, it is responsible for recommending to the President how these proceeds should be distributed among the states in which the tax or duty is levied. This recommendation comes after considering various factors such as revenue requirements of each state, their responsibilities, etc., as per clause (3) of article 268. The President then uses these recommendations to distribute the taxes and duties between the Union and the States in the manner provided by clause (2).