Control of and statement of case to, the Government or other authority specified by the Government

(1) The powers exercisable by a Collector under Chapter IV and Chapter V and under clause (a) of the first proviso to section 27 shall in all cases be subject to the control of the Government or such other authority as may be specified by Government in this behalf. (2) If any Collector acting under section 31, section 39 or section 40, feels doubt as to the amount of duty with which any instrument is chargeable, he may draw up a statement of the case and refer it with his own opinion thereon, for the decision of the Government or such other authority as may be specified by Government in this behalf. (3) The Government or such authority shall consider the case and send a copy of its decision to the Collector, who shall proceed to assess and charge the duty, if any, in conformity with such decision. TRANSFER (whether with or without consideration)- (a) of debentures being marketable securities whether the debenture is liable to duty or not: Fifty naye paise for every one hundred rupees or part thereof of the face amount of the debenture. (b) of debenture stocks: Fifty naye paise for every one hundred rupees or part thereof of the face amount of the debenture stock. (c) Of any interest secured by a Bond, mortgage deed or policy of insurance- (i) If the duty on such a bond, mortgage deed or policy does not exceed Twelve rupees and fifty naye paise: The duty with which such bond, mortgage deed or policy of insurance is chargeable. (ii) In any other case: Twelve rupees fifty naye paise. (d) Of any property under the Administrator General's Act, 1913, (Section 25): Twenty-two rupees fifty naye paise. (e) Of any trust property without consideration from one trustee to another trustee or from a trustee to a beneficiary: Ten rupees fifty naye paise or such smaller amount as may be charged under Clauses (a) and (b) of this article. Exemptions: Transfer by endorsement- (a) of a bill of exchange, cheque or promissory note; (b) of a bill of lading, delivery order, warrant for goods, or other mercantile document of title to goods; (c) of a policy of insurance; (d) of securities of the Central Government.