Monday, October 14, 2024

Government Abolishes Old Stamp Papers after over 7 decades

Including the Punjab, the 74-year-old obsolete arrangement of stamp papers have been apparently substituted with an e-stamping framework all over the nation, by the Authorities.

Stamp papers worth Rs. 50 have also been annulled, Presently, just four unique kinds of e-stamp papers worth Rs. 100, Rs. 200, Rs. 600 and Rs. 1,200 will be carried out, As per the reports of Media.

Stamp Papers will be sold by the Vendors of the Stamp papers, with the permission of authorities, worth Rs.100 for Rs. 200.

Under this new framework, Rs. 100 stamp papers will be utilized for water, power, gas, phone, affirmations of associations, and testimonies submitted to the courts.

Rs. 200 stamp papers will be utilized for numerous reasons, while Additionally, Rs. 1,200 group stamp papers will be utilized for property agreements and arrangements, and Rs. 600 stamp papers will be utilized for legal authority.

The online based code framework would help wiping out frogery , extortion, fake stamps, and predated counterfeit stamp papers

Under the new framework, each merchant should have a PC, a printer, and a web association, which will be an extra cost for the seller.

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