Wfif‘éfla ”was {waft fin 'sfiv nae—3300409 ergouw mfiw‘mnm ! 5 (Ike gazette ofCindict EXTRAORDINARY F0’ 9-52 mn~zaug 3—31—1303 (ii) pp; .
PART H—Section 3—Sub-section (ii) ,0; ‘ 0 WW 1} mm / . PUBLISHED BY AUTHORITY ' g - 94°20 1?. ms] =13 12m, gamma“ 28, 2004mm 8, 1925 No. 108] NEW DELHI, WEDNESDAY, JANUARY 28, 1004me s, 1925 EL, a fin 113m ' ' .fil' f?“ (W W) . ' 311331 mm“: Héfim’h 28 wfi, 2004 I “0 fie {$3 .. V , m . . I mm1ao<w)W—un?fiam3qfi1fim1899(1899m2)a%mm9afim(1)aszé's‘mymmsrfimfi a; mmmgpmmfism, W, mu, mafimfimww,fiam(m Wafiafhgamafim. a 19a(5r)fi=n616mif,197eua'rasr.mmammfimanamfi, 1976 35mm 1?, fiafimwtfififimqfifififififiwfiuwmwmfiéfism HIRE, zomfiaqfizfimafiaqfié’r- Wag-n23: 13,14,27,37,47,49,52ua'r 62(753):? Wm 35m WWmmewfiafimfi mfififigmmmfi arm Mama-uh ‘ . _- mam-mans (Wmafbfimnsasafimafififim-fifim
(1) (2) -,13.mummm-qfiwfifififimuafirmmjasmmmmafi g}. (waaffimqrfififimfiawfi- (imsfafiwmmmfifiqifiifififimfimw mam?- ufifimmfimfirsoofiémafifi; mm afiugsoomfifiafbmfimmoowfiafimqfi: ' ' wail—a mmmfirfiafimoommmomfimaiflfiafifififimfifim ,7 wait? 309 (31/2004 (1) lamaw Imwmmn wagwgmmmgmmgmmgwflgemwm) mfimm:ewwwmfiwmmwmwgmwww wmgmmsg wgwmmmmmwgwwwwwmw gwwfigfl summesmeem'mkgwwwgmwwgnmmm mm (whammgnnmm)mmw may:lmgmmwgmmgmoommmoomwmw may: :gwgmoomkmgmmgmommgfi wwwe{awamooswgiwmwm mmwgwgymmgmmwmw @M‘mmmgmmwwamoomwmoomwmw ammm‘ :gngoomi‘amgmngQEm amply-seaiawamooswgzwmwan jgmflm mngyamhhngammbsagmeawWwwm(A!) mwmm:mgmmmmgmoomwmoomwww @wmm‘ < :gwamoommgwamoosmm ENE: , 5ffifih‘mfibmooswgwmmgn ‘ A ‘«Enema mwawwmwawwww—mmwmmo @mmm:mgmwgfigmam’goomwmoomwsemgg @wmm :QhwgmowwamgMOosmm M21»—'f}:iaghsawamooaméemwam , 'LERESERRHE wawflfwmmwhuaawWMRWEM [(109OHS—~11le]mvma‘domxa:VIGNI:10mazvoEll-IL ‘ A z 91909229013190; - 000099900002300010 QMMQ—wawztwmm100020 00001010002000:90.000020200200000 0mmwmww0fi‘Wmmw- 0m0mmmmmwmwmw MEQNRWWIR'9000990353930900'90000L 99919009999000L006 {$ng.8006008 909:300800L 0000202002020000L009 @mmm009009 0090017 {339-5030017008 @WQQQ008003 90900090990 000000000000000000 003 l 00L 000000000 WW 00110-0 QEWJEEQOOLWléwga09311% {éhgfifig'Q oggummfiwwslzmmmmwaE
4.91200300(00> MQWWWLR9—00993’0059’31050390000L « 00ml0021006£39— 0000010000002 00200 00094000202 Jammie 99001900909000 999190020990 999219139020 94909390 18-95-010 MM? 9092 who 9006 9000 90m 9009 9009 9000 9009 9002 9001 { 909 0000000000000000000 1090910190
9.008 900i 9009 9009
9.00?
9.008
9.003
9.00l
9.09
9.0L 000000000 0:290: wagwgmmrfltmwm 9&909099MmmmmgAQ) -fiwwgfimw(g&mgmmgg®m'LZ Wifihfllflam l [095909—11an HERE magma Mnfizw< / EmmeggwIgmgmmaggmmg mel’fiifimWflmmhmsem21:we) I fifiwg‘ WmMiktwwmm) MwQWHEmg mmlflmmww‘mmmw .41 WMQme‘gmmgww . ##mfiwaw‘gmgmmw.w.51 lummggmg W944“{Mali-2QMmeamamegmawgg lemma?13419.2fwmwgmmw@Elhiflimggg @3313”?WWm€993NEE-Cm memmgfiwgmmm(III) mama) 4 1} MQWW$Mfifiwfimwfiw “a!“lawn@mwammme-Qmmm) 34%WmWB/Lffiwmmgiwwmwflm mgmwmflflW'L() {211m MEI\ m2 A 3% 39mm wEmma[films 232Jag—ware @(aléssmmmmggkemmw1“Wm WIMP-117 Igwmgfigfim Mémflwwggmawmkgm 112mmfimmmmww'Mfl'fihflflilg igmmmmmgg QMQH-mmwmmmwmafigm [099vast—nma]mvmaxovmiwcmdomazvoam. A -v [m II-W 3(ii)] 3w) arm—7, WE?! (EN? : swam I“ '11- ammafim—
(as)%afigfim$fwamm$fméréu Q? mmmfiumfifmzfifiafimmmém , afiaa‘rmi’rmmffii
(a) WmWfi-mwfiafifiwsfii‘afirm Wmm$mfiwaafi§afififimw 'mmfimfifiésfiiwfifiafimzfirwafifi mfimimwwmmmwmfi WI fiat}? mil? W%§WWW $méfimfififi‘r W$mfifiafi mmmfi Emma—{2.50m a 3mm aé’f %, fixer memW gm m 312m "sqfixasafimérfiwmév Fm; \fm fir film it mmmfim' I %r 11:1— Wammmmmmfia’rfifimfifigs‘ W$Wfifififiéfifi0flé§fifigfifigfi$mfi afitrr‘sx'm W$mfi€mm100mmm Wmfimmwm‘ 1923(19235r 8).$mfiawafi$mm%fifiaafigfif$mfi am: a. mammwfimmmémafifigqfim afifimfirfififiwwfivmqfinfia W%$fi ‘ W$m3fimmi
(i) WfifimfimfirfimsfifiO/fifimqfi fir;
(ii) é‘rfififins‘mtfirfima’QSOl—fifimfi mama/m fismfim‘é’r;
(iii) WfirnémrfiTéSWEfiSOOI-afima arm 1000/47. ‘é W 5% am praises 1000/:6 E fim marmOO/wafifimmfimfi‘r I ' tfi'fifl‘fi 25% m Hi? We: mfirfim maxim WEN frfiamnm firl mafia maxi? Nth? warm We}? mfiv Em0% 0m29> “ §o§2>w< WES Elma? wax Mn. im/azquMmamfliwfimdflgw gfimfiqgfifiwfifldwzwn$mflgmw i_ w: agawflfififlflwgfimdfiwaflfl gwfigflgwnflgggg aawfifiaflmwfiammfiflafiwg fl§%%uflu%m_ . gag giiflflwfim,§§m§flm afiflg$iwwggfimamflg iwgfimflflfifldfidfimfifiuflga wagfiwguwgflgfiauwmflflg figmwmgflfiaflgmfiumgfi? wfidfimflgfi Am mmnfifiamflmmvfldggws magiwdfl, figwfimwmfi mafimflmafimj namflfiafiuflmsfl ggfiafimfif mammwflmfiumwamm .WmWwdwmm%wmm .flmaadafiwmdaww iwfiflmgfl agwawmfi §._ 3 aggwflmmorflgig Ewflafimfim 27- ‘ m. V ‘.gggmmgggumaguggmm mgwmgflgémwmgmfignwgé"(92) -ngmm-ngzam Iggwfiggflhmmmwggww mnmmmamewafime—éamgemafimeLufltfimg (81926680668L‘Wfiwwammmwebm @QMWJVQMEEEWJ‘QMQ}Mfl%wflkfl%fl%$ WMWWJewewmwwmnwm MQWWMWMQQWEEMLQQQWW gmmngcjw(£1)mmmwm @)&@mw%#(a)wmmwfl%mmm$6v .Mmhmmmgm)(.62)mgeL-‘aaitsgggm Iagle-hwwn5132 W$Rfit$m¢MQMMMWWWM(m) ms@9—Hiw ‘ (wwmagammw'39 lbflgflga WLEEWWMEQWQMMW (Lamewww<m'wmgm gm‘QM‘mmwmmw wwwgmawgameewwm ($)WMMB#MEHMW%BB%E@%M eemmwswhfimamgmeemm @3211gmwmwmmmwm'39 1122 mgamma-SeL2 Hammatémgus (8Lma)am mmamwm‘‘Eneztwnghw(fl) @3212fyamnmwm(m) -{EM}: km92“st/00mi933aerateI:94093rahmere1&4»MS(I!) mm gwmm A _ [(u)£ém—nmn] THE GAZETTE OF INDIA : EXTRAORDINARY [FAME-$13G, 3(ii)]
(a) “W“fifiata’tfiwmfiiésmanfimd;
(n) "WWW‘afisfnwfififigfiaemafiamfiamdfi WWWfimfinrfimafiafimmmél 'eqéim 2-mndagm,afia§i3rfiwaset,mqiadafifimfim 31 191 l l 1 [1m 15!. 33/60/2004-‘firm1 gaitW, at afar: MINISTRY OF FINANCE (Department ofRevenue) ORDER , New Delhi, the 28th January, 2004 STAMPS S.0ffi0(lif):rln exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of the Indian Stamp Act, 1899 (2 of 1899) and in supersession of the notifications of Government of India in the Ministry of Finance (Department of Revenue) published in the Gazette of India, Extraordinary, Part 11 section 3 vide numbers 8.0.198 (E) dated the 16‘‘1 March, 1976 and 5.019903) dated the 16th March7 1976, except as respects things done'or omitted to be done before such ‘ supersession, the Central Government hereby directs that with effect from 15‘ March, 2004, the proper stamp duty chargeable on instruments, mentioned under column (1) in articles 13, 14, 27, 37,47, 49, 52 and 62 (a) in the Schedule I ofthe Act, shall be reduced and starnp duty payable thereon, after such reduction, shall be as specified in the Table given below, namelyr— ’ 7 TABLE , Description of the Instrument Proper Stamp-Duty (as specified in Schedule I to the Indian Stamp Act, 1899) (2)
(1)
13. Bill ofExchange as defined by section 2(2) not being a BOND, bank—note or currency note—
(b)'where payable othenm'se than on demand —
(i) where payable not more than three months after date or sight — if the amount of the bill or note does not exceed Rs.500; Thirty paise. if it exceeds R5500 but does not exceed Rs. 1,000; , Sixty paise. and for every additional Rs.l,000 or part thereof/in excess of Sixty paise. Rs.1,000;
(ii) where payable more than three months but not more than six months after date or sight — ' ifthe amount of the bill or note does not exceed Rs.500; Sixtypaise. ' ' [mu—mafia] mmm:mm ifit exceeds Rs.500 but does not exceed Rs.1,ooo; and for every additional Rsll,000 or part thereof iri excess of Rs.l,000; ’
(iii) where payable more than six months but not more than nine months afier date or sight — , if the amount of the bill or note does not exceed Rs.500; if it exceeds Rs.500 but does not exceed Rs.1,000;l i and for every additional Rs‘l,000 or part thereof in excess of ‘ Rs.l,000; 1 ,(iv) where payable more than nine months but not more than one year after date or sight — if the amount of the bill or note does not exceed R5500; if it exceeds R5500 but does not exceed Rs, 1,000; and for every additional Rs.1,000 or part thereof in excess of Rs.l,000; ‘
(e) where payable at more than one year afier date or sightif the amount of the bill or note does not exceed R5500; One rupee twenty paise. One rupee twenty paise. Ninety paise. One rupee eighty paise. One rupee eighty paise. One rupee twenty five paise. TWO rupees fifty paise. Two rupees fifty paise. Two rupees fiftypaise. Exemptions
(a) Bill of lading when the goods therein described are received at a place within the limits of any port as defined under the Indian Ports Act, 1889 (10 of 1889), and are to be delivered at another place within the limits of the seine port;
(b) Bill of 'lading when executed out of India and relating to property to be delivered in India L if it exceeds R5500 but does not exceed Rs.l,000; Five rupees. and for every additional Rs.l,000 or part thereof in excess of Five rupees. Rs.l,000. ‘ l4.Bill of Lading (including a through bill of lading) One rupee. N.B.~ Ifa bill of lading drawn in parts, the proper stamp therefore must be born by each one ofthe set. 27‘ Debenture (whether a mortgage debenture or not), being a marketable security transferable —
(a) by endorsement or by is separate instrument of transfer — where the amount or value does not exceed Rs. 10; 369 01/511 —3 where it exceeds 115.10 ‘and does not exceed R550: Ten paise. TVs/enty pajse. 10 [PART H—SEC. 3(ii)]THE GAZETTE OF INDIA : EXTRAORDINARY Ditto 50 Ditto 100; Thirty five paise. Ditto, 100 Ditto 200'; Seventy five paise. Ditto 200 Ditto 300; One rupee ten paise. Ditto 300 ' Ditto 400; One rupee fifty paise, Ditto 400 Ditto 500; One rupee eighty five ' paise. Ditto 500 Ditto 600; Two rupees twenty -five paise. Ditto 600 Ditto 700; Two rupees sixty paise Ditto 700 Ditto 800; Three rupees. Ditto 800 Ditto 900; ’ Three rupees forty poise. Ditto 900 Ditto 1000; Three rupees seventy five paise. and for every R5500 or part thereof in excess ofRs.1,000; One rupee eighty five paise.
(b) by delivery — where the amount or value of the consideration for such debenture Thirty five paise. as set forth therein does not exceed R550; _ ' where it exceeds R550 but does not exceed Rs.100; Seventy five poise. Ditto 100 Ditto 200 One rupee fifty poise. Ditto 200 Ditto 300 Two rupees twenty fi ve paise. Ditto 300 Ditto 400 Three rupees, Ditto 400 Ditto 500 Three rupees seventy ‘ , five paise. Ditto 500 Ditto 600 Four rupees fifty paise. Ditto 600 Ditto 700 Five rupees twenty five ,a ‘ paise. Ditto 700 Ditto 800 Six rupees. Ditto 800 Ditto 900 Six rupees seventy five paise. Ditto 900 Ditto 1000 Seven rupees fifty poise. And for every R5500 or partthereof in excess of Rs.1,000.
Explanation- The term “Debenture” includes any interest coupons atmched thereto but the amount of such coupons shall not be - included in estimating the duty. ‘ Exemption \ A debenture issued by an incorporated company or other body' corporate in terms of a registered mortgage-deed, duly stamped in respect of the full amount of debentures to be issued thereunder, whereby the company or body borrowing makes over, in whole or V in part, their property to trustees for the benefit of the debenture holders:
Provided that the debentures so issued are expressed to be issued in terms ofthe said mortgage-deed Three rupees seventy fivepaise.
37. Letter of Credit, that is to say, any instrument by which one person authorizes another to give credit to the person in whose favour it is drawn. One rupee. [ ‘TFT Ila—“5'03 3(ii) l 'kwanmzm
47. Policy of Insurance A.- Sea Insurance [see section 7 of Indian Stanip Act, 1899 (2 of singly in 1899)] duplicate for each part If drawn If drawn (I) for or upon any voyage —
(i) where the premium or consideration does not exceed the rate of one-eighth per centum of the amount insured by the policy; Five pajse. Five paise,
(ii) in any other case, in respect of every fill] sum of one thousand five hundred rupees and also any fractional part of one thousand five hundredrupees insured by the policy;
(2) for time —
(iii)'in respect of every full sum of one thousand rupees and also any fractional part ofone thousand rupees insured by the policy — where the insurance shall be made for any time not exceeding six months; where the insurance shall be made for any time exceeding six months and not exceeding twelve months. Five paise. Five paise. Ten paise. Five paise. Ten paise Five paise, B.~ FIRE‘INSURANCE AND OTHER CLASSES OF INSURANCE, NOT ELSEWHERE EXCLUDED IN THIS ARTICLE, COVERING GOODS, MERCHANDISE, PERSONAL EFFECTS, CROPS, AND OTHER PROPERTY AGAINST LOSS OR DAMAGE-
(l) in respect ofan original policy-
(i) when the sum insured does not exceed Rs.5,000;
(ii) inany other case; and
(2) in respect ofeach receipt for any payment of a premium on any renewal ofan original policy. Twenty five paise. Fifity paise. One-half of duty payable in respect of the original policy in addition to the amount, if any, chargeable underNo.53, C.— ACCIDENT AND SICKENSS INSURANCE-
(a) against railway accident, valid for a single journey only. Exemption When issued to a paSSenger travelling by the intermediate or the third class in any railway,
(b) in any other case » for the maximum amount which may become payable in the case ofany single accident or sickness where sud: amount does not exceed Rs.l,000, and also where such amount exceeds Rs..1,000, for every Rs.1,000 or part thereoii Five paise. Ten paise.
Provided that, in case ofa policy of insurance against death by accident when the annual premimum 11 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—Seci 3(ii) payable does not 'exceed Rs.2.50 per Rs.1.000, the duty On such instrument shall be five paise for every Rs.l,000 or part thereof of the maximum amount which may become payable under it. CC.-INSURANCE BY WAY OF INDEMNITY against liability to pay damages on account of accidents to workmen employed by or under the insurer or against liability to pay compensation under the Workmen’s Compensation Act, 1923 (8 of 1923), for every Rs.100 or part thereof payable as premium. Five paise. D.- LIFE INSURANCE OR GROUP INSURANCE OR OTHER INSURANCE NOT SPECIFICALLY PROVIDED FOR, except such a RE—lNSURANCE, as is described in Division E of this article- ’ ~ If drawn Ifdrawn in singly duplicate for each part l i (ii for every sum insured not exceeding Rs.250;
(ii) for every sum insured exceeding R5250 but not exceeding R5500; ,
(iii) for every sum insured exceeding R5500 but not exceeding Rs.l,000 and also for every Rs.l,000 or part thereof in excess of Rs.l,000r Exemption Policies of life—insurance granted by the Director General of Post Offices in accordance with rules for Postal Life-Insurance issued under the authoritiof the Central Government. Ten paise. Five paise. Ten paise. Five paise. Twenty Ten paise. paise. N,B.- If a policy of group Insurance is renewed or otherwise modified whereby the sum insured exceeds the sum previously insured on which» stamp-duty has been paid, the proper stamp must be home on the excess sum so insured E. — RIB-INSURANCE BY AN lNSURANCE COMPANY, which has granted a POLICY of the nature specified in Division A or Division B of this Article, with another company by way of indemnity or guarantee against the payment on the original insurance of a certain part ofthe sum insured thereby. One—quarter of the duty payable in respect of the original insurance but not less than five paise or more than fifiy paise.
Provided that if the total amount of duty payable is not a multiple of five paise, the total amount shall be rounded off to the [nm Il—w3(ii)] WWW1W' l3 309qu,. 1/ 7‘ next higher multiple of five paise. General Exemption ' Letter of cover or engagement to issue a policy of insurance:
Provided that, unless such letter of engagement bears the stamp prescribed by this Act for such policy, nothing shall be claimable thereunder, nor shall it be available for any purpose, except, to compel the delivery ofthe policy therein mentioned.
49. Promissory Note (as defined by section 2(22) — When payable on demand —
(i) when the amount or value does not exceed Rs250; Five paise.
(ii) when the amount or valueexceeds Rs.250 but does not exceed Ten paise. Rs.l,000;
(iii) in any other case; Fifteen paise.
(b) when payable otherwise than on demand. The same duty as a Bill of Exchange (No.13) for same amount payable otherwise than on demand.
52. Proxy empowering any person to vote at any one election of the members of a district or local board or of a body of municipal commissioners, or at any one meeting of (a) members of an incorporated company 'or other body corporate whose stock or funds is or are divided into shares and transferable, (b) a local authority, or (c) proprietors, members or contributors to the funds of any institution Fifieen paise.
62. Transfer (Whether with or without consideration)-
(a) ofshares in an incorporated company or other body corporate; Twenty live poise for every hundred rupees or part thereof of the value of the share: \
Provided that rates of stamp duty specified in column (2) on Bills ofExchange for items (b) and (c) in Article 13 and on promissory note for item (b) of Article 49 shall not apply to usance bills of exchange or promissory notes drawn or made for securing finance from Reserve Bank of India Industrial Finance Corporation ofIndia, Industrial Development Bank of India, State Financial Corporations, Commercial Banks and Cooperative Banks for (a) bonafide commercial or trade transactions, (b) seasonal agricultural operations or the marketing of crops, or (0) production or marketing activities of cottage and small scale industries and such instruments shall bear the rate of stamp duty at one—fifth of the rate mentioned against items (b) and (c) in Article 13 and item (b) in Article 49 of Schedule I of the Indian Stamp Act, 1899 (2 of 1899). 14 THE GAZETTE OF INDIA : EXTRAORDINARY Explandtion I.— For the purposes ofthe provisothe expression “agricultural operations” includes animal husbandry and i (a) allied activities jointly undertaken with agricultural operations;
(b) _ “crops” include products of agricultural operations; ,
(c). the expression “marketing of crops” includes the processing of crops prior to marketing by agricultural producers or any organization of 1, [PART H—SEC. 361') ' such producers.
Explanation 2. - The duty chargeable shall, wherever necessary, be rounded off to the next five paise. i . [E No. 33/60/2004—ST] SUDHIR RAJPAL, Dy. Secy. I Printed by the Manager, Govt. of India Press, Ring Road, Mayapuri, New Delhi—110064 and Published by the Controller of Publicatipns, Delhi—110054. <.«-_.'1P:‘-Se:;.:. .1; fly.