.....the State of Assam. (3) It shall come into force at once (It shall come into force at once i.e. 7th August, 1967). Section 2 - Amendment of Schedule I of Act II of 1899 In Schedule I to the principal Act, in Article 23, under the heading "Description of instrument"-- (1) the word "and" occuring at the beginning of the last item shall be deleted and for the punctuation "(.)" occuring after the words and figures "Rs. 1,000" the punctuation "(;)" shall be substituted; (2) after the item as so amended under sub-section (1), the following items shall be inserted, namely-- "Where it exceeds Rs. 50,000 but does not exceed Rs. 90,000; Thirty rupees for every one thousand rupees. Where it exceeds Rs. 90,000 but does not exceed Rs. 1,50,000; Fourty rupees for every one thousand rupees. and where it exceeds Rs. 1,50,000 Fifty rupees for every one thousand rupees : Provided that where the "instrument" or the conveyance is in respect of an Industrial Loan, certified as such by the Director of Industries, Assam, the stamp duty shall be half of the above rate. Assam State Acts
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