BILL OF EXCHANGE

BILL OF EXCHANGE [as defined by section 2(2) not being a BOND, bank-note or currency note[(b) where payable otherwise than on demand- (i) Where payable not more than three months after date or sight- (a) if the amount of the bill or note does not exceed Rs. 500; (b) it exceeds Rs. 500 but does not exceed Rs. 1,000; (c) and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; (ii) where payable more than three months but not more than six months after date or sight (a) if the amount of the bill or note does not exceed Rs. 500; (b) if it exceeds Rs. 500 but does not exceed Rs. 1,000; (c) and for every additional Rs. 1,000 or part thereof in exceeds of Rs. 1,000: (iii) where payable more than six months but not more than nine months after date of sight- (a) if the amount of the bill or note does not exceed Rs. 500; (b) if it exceeds Rs. 500 but does exceed Rs. 1,000; (c) and for every additional Rs. 1,000 or part thereof in exceeds of Rs. 1,000; (iv) where payable more than nine months but not more than one year after date or sight- (a) if the amount of the bill or note does not exceed Rs. 500; (b) if it exceeds Rs.SOD but does not exceed Rs. 1,000 (c) and for every additional Rs. 1,000 or part thereof in exceeds of Rs. 1 ,000; (v) where payable at more than one year after date or sight- (a) if the amount of the bill or note does not exceed Rs.500; (b) if it exceed Rs. 500 but does not exceed Rs. 1,000; (c) and for every additional Rs. 1 ,000 or part thereof in excess of Rs. 1,000