The Indian Stamp (Punjab Amendment) Act, 2012 Complete Act - Bare Act

StatePunjab Government
Year2012
Act Info:
THE INDIAN STAMP (PUNJAB AMENDMENT) ACT, 2012
PUNJAB
GOVT. GAZ. (EXTRA), FEBRUARY 06, 2013 (MAGHA 17, 1934 SAKA)
DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB

NOTIFICATION
The 6th February, 2013
No. I2-Leg720l3.- The following Act of the Legislature of the State of Punjab received the assent of the Governor of Punjab on the 29th January, 2013, is hereby published for general information :-

THE INDIAN STAMP (PUNJAB AMENDMENT) ACT, 2012

(Punjab Act No. 12 of 2013)
AN ACT
further to amend the Indian Stamp Act, 1899, in its application to the State of Punjab.
Be it enacted by the Legislature of the State of Punjab in the Sixty-third Year of the Republic of India as follows:-

Short title and

commencement
1. (1) This Act may be called the Indian Stamp (Punjab Amendment) Act, 2012.
(2) It shall come into force at once.

Amendment in section 2 of Central Act 2 of
1899.
2. In the Indian Stamp Act, 1899 (hereinafter referred to as the principal Act), in its application to the State of Punjab, in section 2, in clause (10), for the word, figure, letter and sign "Schedule l-B,", the words, figures, letters and signs "Schedule 1 -B or by Schedule 1 -C," shall be substituted.
Insertion of new section 3-D in Central Act 2 of 1899.
3.
In the principal Act, after section 3-C, the following section shall be inserted, namely:-
Instrument chargeable with additional duty.
"3-D.
(J)
Every instrument mentioned in entry 23 of Schedule 1-A duty under section 3 and additional duty under sections 3-B and 3-C, shall, in addition to such
additional duty and additional duty
be also chargeable with such cess, as is specified in Schedule 1-C.

(2)
The cess with which any instrument is chargeable under sub section (1), shall be paid and such payment shall be indicated on such instrument by means of stamp or stamp paper bearing the inscription "Social Infrastructure Cess", whether with or without any other design, picture or inscription.
PUNJAB
GOVT. GAZ. (EXTRA), FEBRUARY 06, 2013
(MAGHA 17, 1934 SAKA)
(3) Except as otherwise provided in sub-section
(2),
the provisions of this Act shall, so far as may be, apply in relation to the cess chargeable under sub-section (1), in respect of the instruments referred to therein as they apply in relation to the duty chargeable under section 3 in respect of those instrument.
Explanation.
"
For the purpose of this section, the expression "Social Infrastructure Cess" means a cess collected under this Act for providing and improving infrastructure in social sectors including.
Insertion of new
Schedule I-C in
Central Act 2 of
1899.
4. In the principal Act, after Schedule 1-B, the following Schedule shall be added, namely:-
"SCHEDULE 1-C
(See
section 3-D)
Conveyance as defined in section 2(10), not being a transfer charged or exempted under entry No. 62
Where conveyance amounts to sale of immovable property
Where the value or amount of the consideration for such conveyance as set forth therein does not exceed Rs.50;
Fifty paise
Where it exceeds Rs. 50, but does not exceed Rs.1 00;
One rupee
Where it exceeds RS.l00, but does not exceed Rs.200;
Two rupees
Where it exceeds Rs. 200, but does not exceed Rs. 300;
Three rupees
Where it exceeds Rs. 300, but does not exceed Rs. 400;
Four rupees
Where it exceeds Rs. 400, but does not exceed Rs. 500;
Five rupees
Where it exceeds Rs. 500, but does not exceed Rs. 600;
Six rupees
PUNJAB
GOVT. GAZ. (EXTRA), FEBRUARY 06, 2013
(
MAGHA 17, 1934 SAKA)
(1)
Where it exceeds Rs. 600, but does not exceed Rs. 700;
(2)
Seven rupees
Where it exceeds Rs. 700, but does not exceed Rs. 800;
Eight rupees
Where it exceeds Rs. 800, but does not exceed Rs. 900;
Nine rupees
Where it exceeds RS.900, but does not exceed Rs.1,000; and
Ten rupees
For every 500 or part thereof in excess of Rs. 1,000.
Five rupees.".
Punjab State Acts