Amendment of section 30 of LX of 1958

In section 30 of the principal Act,— (a) in clause (f), the word “and” shall be deleted ; (b) after clause (f), the following clause shall be inserted, namely :— “(f-a) in case of instruments of works contract as provided in Article 63 of SCHEDULE I, by the person receiving the contract;”. (b) in entry (B),- (i) in sub-entry (1), in column 2, for the words “Fifty rupees” the words and figures “Fifty rupees or an amount equal to 5 per cent. of the amount of consideration, whichever is higher” shall be substituted; (ii) in sub-entry (2), in column 2, for the words and figures “The same duty as is payable under Article 60” the words and figures “The same duty as is payable under Article 36 (iv)” shall be substituted; (B) in clause (h), in sub-clause (A),- (i) in entry (i),- (I) in sub-entry (a), in column 2, for the words and figures “Two rupees and fifty paise for every rupees 1,000 or part thereof on” the figures and words “0.25 per cent. of” shall be substituted; (II) in sub-entry (b), in column 2, for the words and figures “Five rupees for every rupees 1,000 or part thereof on” the figures and words “0.5 per cent. of” shall be substituted; (ii) in entry (ii),- (I) in sub-entry (a), in column 2, for the words and figures “Two rupees and fifty paise for every rupees 1,000 or part thereof on ” the figures and words “0.25 per cent. of” shall be substituted; (II) in sub-entry (b), in column 2, for the words and figures “Five rupees for every rupees 1,000 or part thereof on” the figures and words “0.5 per cent. of” shall be substituted; (iii) in entry (iii),- (I) in sub-entry (a), in column 2, for the words and figures “Two rupees and fifty paise for every rupees 1,000 or part thereof on” the figures and words “0.25 per cent. of” shall be substituted; (II) in sub-entry (b), in column 2, for the words and figures “Five rupees for every rupees 1,000 or part thereof on” the figures and words “0.5 per cent. of” shall be substituted; (iv) in entry (iv),- (i) in sub-entry (a), in column 2, for the words and figures “One rupee for every rupees 1,000 or part thereof on” the figures and words “0.1 per cent. of” shall be substituted; (ii) in sub-entry (b), in column 2, for the words and figures “Two rupees for every rupees 1,000 or part thereof on” the figures and words “0.2 per cent. of” shall be substituted; (v) in entry (v),- (I) in sub-entry (a), in column 2, for the words and figures “Two rupees and fifty paise for every rupees 1,000 or part thereof on” the figures and words “0.25 per cent. of” shall be substituted; (II) in sub-entry (b), in column 2, for the words and figures “Five rupees for every rupees 1,000 or part thereof on ” the figures and words “0.5 per cent. of” shall be substituted; (vi) in entry (vi),- (i) in sub-entry (a), in column 2, for the words and figures “One rupee for every rupees 1,000 or part thereof on” the figures and words “0.1 per cent. of” shall be substituted; (II) in sub-entry (b), in column 2, for the words and figures “Two rupees for every rupees 1,000 or part thereof on” the words and figures “0.2 per cent. of” shall be substituted; (5) in Article 6,- (A) in clause (1),- (i) in sub-clause (a), in column 2, for the words “One rupee for every one thousand or part thereof for” the figures and words “0.1 per cent. of” shall be substituted; (ii) in sub-clause (b), in column 2, for the words and figures “Two rupees for every 1000 or part thereof, for” the words and figures “0.2 per cent. of” shall be substituted; (B) in clause (2),- (i) in sub-clause (a), in column 2, for the words “One rupee for every one thousand or part thereof for” the figures and words “0.1 per cent. of” shall be substituted; (ii) in sub-clause (b), in column 2, for the words and figures “Two rupees for every 1000 or part thereof, for” the words and figures “0.2 per cent. of” shall be substituted; (iii) after Explanation I, the following Explanation shall be inserted, namely:- “Explanation II.- For the purposes of this Article, any new instrument executed for additional loan or extension of previous loan shall be treated as a fresh instrument and chargeable with the duty to the extent of additional amount being secured or disbursed or sanctioned.”; (6) in Article 7, - (i) in clause (a), in column 2, for the words “One hundred rupees” the words “One thousand rupees” shall be substituted; (ii) in clause (b), in column 2, for the words “Two hundred and fifty rupees” the words “One thousand rupees” shall be substituted; (7) in Article 8, in column 2, for the words, brackets and figures “Same duty as per Bond (Article 13) subject to maximum of one hundred rupees” the words “One hundred rupees” shall be substituted; (8) in Article 10, in column 2, for the words and figures “One thousand rupees for every rupees 5,00,000 or part thereof,” the figures and words “0.2 per cent. on share capital or increased share capital, as the case may be” shall be substituted; (9) for Article 12, the following Article shall be substituted, namely:- “12. AWARD, that is to say, any decision in writing Five hundred by an arbitrator or umpire, on a reference made rupees.”; otherwise than by an order of the Court in the course of a suit, being an award made as a result of a written agreement to submit present or future differences to Arbitration but not being an award directing partition. (10) in Article 13,— (a) in column 1, the words “for every rupees five hundred or part thereof” shall be deleted; (b) in column 2, for the words “Five rupees, subject to a minimum of rupees one hundred” the words “One per cent. of amount of Bond, subject to a minimum of rupees five hundred” shall be substituted; (11) in Article 14, in column 2, for the words and figures “Same duty as a Bond (Article 13) for the same amount” the figures and words “One per cent. of the amount of Bond, subject to a minimum of rupees five hundred” shall be substituted; (12) in Article 15, in column 2, for the words “One hundred rupees” the words “Five hundred rupees” shall be substituted; (13) in Article 17, in column 2, for the words “One rupee for every one thousand rupees or a part thereof,” the figures and words “0.1 per cent.” shall be substituted; (14) in Article 18, in column 2, for the words “One hundred rupees” the word “Five hundred rupees” shall be substituted; (15) in Article 24, in column 2, for the words “Two hundred rupees” the words “Five hundred rupees” shall be substituted; (16) in Article 25, for clause (a), the following clause shall be substituted, namely:- “(a) if relating to movable property 3 per cent. of the market value of the property.”; (17) for Article 28, the following Article shall be substituted, namely:- “28. CUSTOMS BOND OR EXCISE BOND, Five hundred that is to say, any bond given pursuant to the rupees.”; provisions of any law for the time being in force or to the directions of any officer of Custom or Excise for, or in respect of, any of the duties of Customs or Excise or for preventing frauds or evasions thereof or for any other matter or thing relating thereto. (18) in Article 34, in column 2, after the existing proviso, the following proviso shall be added, namely:- “Provided further that, if the residential and agricultural property is gifted to husband, wife, son, daughter, grandson, grand-daughter, wife of decesed son, the amount of duty chargeable shall be rupees two hundred.”; (19) in Article 35, in column 2, for the words “Two hundred rupees” the words “Five hundred rupees” shall be substituted; (20) in Article 39, - (i) in clause (a), in column 2, for the words “Two hundred rupees” the words “One thousand rupees” shall be substituted; (ii) in clause (b), in column 2, for the portion beginning with the words “The same duty” and ending with the words “share capital of the company” the figures and words “0.2 per cent. according to the share capital of the company, subject to minimum of rupees one thousand and maximum of rupees 50,00,000” shall be substituted; (21) in Article 40, - (i) in clause (b), in column 2, for the words “Five rupees for every one thousand or part thereof for” the figures and words “0.5 per cent. of” shall be substituted; (ii) in clause (c), in column 2, for the words and figures “The same duty as a Bond (Article 13) for the amount secured, subject to a maximum of rupees two hundred” the words “Five hundred rupees” shall be substituted; (22) in Article 45,- (i) in clause (a),- (A) in column 1, the words, letters and figures “for every Rs.1,000 or part thereof” shall be deleted; (B) in column 2, for the words “Ten rupees” the words “One per cent. of amount of payment under order” shall be substituted; (ii) for clause (b), the following clause shall be substituted, namely :— “(b) where payable at more than one year Two per cent. of amount after date or sight. of payment under order.”; (23) in article 46, in column 2, for the words “Rupees Ten for every rupees five hundred or part thereof” the words “Two per cent.” shall be substituted; (24) for Article 47, the following Article shall be substituted, namely:- “47. PARTNERSHIP— (1) Instrument of any partnership inclusive of, Limited Liability Partnership and Joint Venture to run a business, earn profits and to share profits, whether in cash or in kind- (a) where there is no share of contribution Five hundred rupees. in partnership, or where such share contribution brought in by way of cash does not exceeds 50,000. (b) where such share contribution brought One per cent. of the in by way of cash is in excess of rupees amount of share contri- 50,000. bution subject to maximum of rupees fifteen thousand. (c) where such share contribution is brought The same duty as is in by way of property, excluding cash. leviable on a Conveyance under clause (a), (b) or (c), as the case may be, of Article 25, on the market value of such property. (2) Dissolution of partnership or retirement of partner inclusive of, Limited Liability Partnership and Joint Venture to run a business, earn profits and to share profits, whether in cash or in kind- (a) where on dissolution of the partnership The same duty as is or on retirement of a partner any property leviable on a is taken as his share by a partner other than Conveyance under a partner who brought in that property as clause his share of contribution in the partnership. (a), (b) or (c), as the case may be, of Article 25, on the market value of such property, subject to a minimum of rupees one hundred. (b) in any other case Five hundred rupees.”;