The Indian Stamp Andaman and Nicobar Islands Amendment Regulation 1961

REGISTERED No. D. 221

af inbia ••.. - EXTRAORDINARY

In the Indian Stamp Act, 1899, as in force in the Union territory of the Andaman and Nicobar Islands immediately before the commencement of this Regulation,-- (a) after section 78, the following section shall be, and shall be deemed always to have been, inserted, namely:-- "79. For the purpose of determining the stamp duty payable, or an allowance to be made, under this Act, any fraction of five naye paise shall be reckoned as five naye paise."; (b) in Schedule IA,-- (i) for clause (b) of Article No. 5, the following clause shall be substituted, namely:-- "(b)(i) if relating to the sale of a Government security: Subject to a maximum of twenty rupees, fifteen naye paise for every Rs. 10,000 or part thereof, of the value of the security. (ii) if relating to the sale of a share in an incorporated company or other body corporate: Fifteen naye paise for every Rs. 5,000 or part thereof, of the value of the share."; (ii) for items (i) and (ii) in sub-clause (a) of clause (2) of Article No. 6, the following items shall be substituted, namely:-- "(i) when the amount of the loan or debt does not exceed Rs. 200: Rs. 0 naye paise 30, Rs. 0 naye paise 20, Rs. 0 naye paise 10; (ii) when it exceeds Rs. 200 but does not exceed Rs. 400: Rs. 0 naye paise 60, Rs. 0 naye paise 30, Rs. 0 naye paise 20; (iii) when it exceeds Rs. 400 but does not exceed Rs. 600: Rs. 85, Rs. 0 naye paise 50, Rs. 0 naye paise 30; (iv) when it exceeds Rs. 600 but does not exceed Rs. 800: Rs. 1 15, Rs. 0 naye paise 60, Rs. 0 naye paise 40; (v) when it exceeds Rs. 800 but does not exceed Rs. 1,000: Rs. 1 45, Rs. 0 naye paise 75, Rs. 0 naye paise 50; (vi) when it exceeds Rs. 1,000 but does not exceed Rs. 1,200: Rs. 1 70, Rs. 0 naye paise 85, Rs. 0 naye paise 60; (vii) when it exceeds Rs. 1,200 but does not exceed Rs. 1,600: Rs. 2 25, Rs. 1 15, Rs. 0 naye paise 75; (viii) when it exceeds Rs. 1,600 but does not exceed Rs. 2,500: Rs. 3 40, Rs. 1 70, Rs. 1 15; (ix) when it exceeds Rs. 2,500 but does not exceed Rs. 5,000: Rs. 6 75, Rs. 3 40, Rs. 2 25; (x) when it exceeds Rs. 5,000 but does not exceed Rs. 7,500: Rs. 10 0, Rs. 5 10, Rs. 3 40; (xi) when it exceeds Rs. 7,500 but does not exceed Rs. 10,000: Rs. 13 50, Rs. 6 75, Rs. 4 50; (xii) when it exceeds Rs. 10,000 but does not exceed Rs. 15,000: Rs. 20 25, Rs. 10 15, Rs. 6 75; (xiii) when it exceeds Rs. 15,000 but does not exceed Rs. 20,000: Rs. 27 0, Rs. 13 50, Rs. 9 0; (xiv) when it exceeds Rs. 20,000 but does not exceed Rs. 25,000: Rs. 33 75, Rs. 16 90, Rs. 11 25; (xv) when it exceeds Rs. 25,000 but does not exceed Rs. 30,000: Rs. 40 50, Rs. 20 25, Rs. 13 50; (xvi) for every additional Rs. 10,000 or part thereof, in excess of Rs. 30,000: Rs. 13 50, Rs. 6 75, Rs. 4 50."; (iii) Article No. 14 shall be omitted; (iv) in Article No. 15, for the words "Twelve naye paise" and "One rupee eighty-seven naye paise" occurring under the column headed "Proper Stamp-duty", the words "fifteen naye paise" and "one rupee and ninety naye paise" respectively shall be substituted; (v) in Article No. 16, for the words "Nineteen" and "Thirty-seven" occurring under the column headed "Proper Stamp-duty", the words "Twenty" and "Forty" respectively shall be substituted; (vi) in Article No. 41, for the word "Nine" occurring in both places under the column headed "Proper Stamp-duty", the word "Ten" shall be substituted; (vii) in Article No. 43,-- (1) in clause (b), for the word "Twelve" occurring under the column headed "Proper Stamp-duty", the word "Fifteen" shall be substituted; (2) in clause (c), for the word "twelve" occurring under the column headed "Proper Stamp-duty", the word "fifteen" shall be substituted.