Amendment of Schedule I

In Schedule I to the principal Act (Central Act 2 of 1899),—

1. (a) in entry 18, in clause (c), in the entries in the second column, for the word "consideration" , the words "market value" shall be substituted;
2. (b) in entry 23, for the words, letters and figures "where the amount or value of the consideration for such conveyance as set forth therein does not exceed Rs. 50", the words, letters and figures "where the market value of the property which is the subject-matter of conveyance does not exceed Rs. 50" shall be substituted;
3. (c) in entry 31, for the entries in the second column, the following shall be substituted namely:— " The same duty as a Conveyance (No. 23) for a market value equal to the market value of the property of greater value which is the subject-matter of exchange.";
4. (d) in entry 32, in clause
5. (a) and sub-clause
   • (i) of clause (b), in the entries in the second column, for the word "consideration", the words "market value" shall be substituted;
6. (e) in entry 33, for the entries in the second column, the following shall be substituted, namely:— " The same duty as a Conveyance (No. 23) for a market value equal to the market value of the property which is the subject-matter of gift.";
7. (f) in entry 35, in the entries in the second column, for the word "consideration" wherever it occurs, the words "market value" shall be substituted;
8. (g) in entry 40 in clause (a), in the entries in the second column, for the word "consideration", the words "market value" shall be substituted;
9. (h) in entry 45, in the entries in the second column, for clause
10. (b) of the proviso, the following clause shall be substituted, namely:— "
11. (b) where the land is held on Revenue Settlement and paying the full assessment, the value for the purpose of duty shall be calculated at twenty-five times the annual revenue.";
    • (i) in entry 48. in clause (e), for the entries in the second column, the following shall be substituted, namely:— " The same duty as a Conveyance (No. 23) for a marke value equal to the amount of the consideration.";
12. (j) in entry 54, in clause (a), for the entries in the second column, the following shall be substituted, namely :— " The same duty as a Conveyance (No. 23) for a market value equal to the amount of such consideration as set forth in the reconveyance.";
13. (k) in entry 59, in the entries in the second column, for the word "consideration", the words "market value" shall be substituted;
14. (l) in entry 63, in the entries in the second column for the word, "consideration" in the first place it occurs, the words "market value" shall be substituted.