Section 66 punishes a person who takes a premium for insurance and does not make out a duly stamped policy within one month, or who makes, executes or delivers out a policy that is not duly stamped. Section 67 punishes drawing a bill of exchange payable otherwise than on demand, or a marine policy...
Read Complete Guide →Under section 52 the Collector may, on application within six months after the date of the instrument (or, if undated, after its execution by the person who first or alone executed it), and on the instrument being re-stamped with the proper duty if it is chargeable, cancel and allow as spoiled a...
Where a person holds stamps that have not been spoiled or rendered unfit or useless but for which he has no immediate use, the Collector shall repay their value in money, deducting ten nayepaise for each rupee or portion of a rupee, on the person delivering them up to be cancelled and proving to...
Section 54A: a person holding stamps in denominations other than annas four or multiples of it, not spoiled, could surrender them within six months from the commencement of the Indian Stamp (Amendment) Act, 1958 (19 of 1958) for repayment calculated under section 14(2) of the Indian Coinage Act...
Under section 56(1), the powers of a Collector under Chapter IV and Chapter V and under clause (a) of the first proviso to section 26 are subject in all cases to the control of the Chief Controlling Revenue-authority. Under section 56(2), a Collector acting under section 31, 40 or 41 who feels...
Under section 57(1), the Chief Controlling Revenue-authority may state a case referred to it under section 56(2), or otherwise coming to its notice, and refer it with its own opinion to the High Court for the State where the case arises, or, for a Union territory, to the High Court named in clauses...
If a Court, other than a Court mentioned in section 57, feels doubt as to the amount of duty to be paid on an instrument under proviso (a) to section 35, the Judge may draw up a statement of the case and refer it with his own opinion to the High Court to which, if he were the Chief Controlling...
Where a Court in its civil or revenue jurisdiction, or a Criminal Court in a proceeding under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 1898, admits an instrument as duly stamped or not requiring a stamp, or on payment of duty and penalty under section 35, the Court to which...
Under section 62(1), any person who (a) draws, makes, issues, endorses, transfers, signs (other than as a witness), presents, accepts, pays, receives payment of or in any manner negotiates a bill of exchange payable otherwise than on demand or a promissory note that is not duly stamped; (b)...
Section 63: any person required by section 12 to cancel an adhesive stamp, and failing to cancel it in the manner prescribed by that section, is punishable with a fine which may extend to one hundred rupees. Section 64: any person who, with intent to defraud the Government, (a) executes an...
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