INDIAN STAMP (MEGHALAYA AMENDMENT) ACT, 1972

Act No. 13 of 1972

8th August, 1972

An Act Further to amend the Indian Stamp Act, 1899 (Act II of 1899), in its application to Meghalaya Be it enacted by the Legislature of Meghalaya in the Twenty-third Year of the Republic of India as follows:-

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S.1 Short title, extent and commencement

(1) This Act may be called the Indian Stamp (Meghalaya Amendment) Act, 1972.

(2) It shall extend to Meghalaya with such exceptions or modifications as are in force.

(3) It shall be deemed to have come into force on 4th December, 1971.

S.2 Insertion of a new section in Central Act II of 1899

After section 3 of the Indian Stamp Act, 1899, the following shall be inserted as section 3A, namely :-

3A. Surcharge on Stamp Duty.--

(1) There shall be charged, levied and paid to the Government of Meghalaya, besides payable under any law for the time being in force including section 3 of this Act, a surcharge, hereinafter referred to as Stamp Surcharge on the instruments mentioned in the following items of Schedule I to the principal Act, namely:-

• Item Nos. 1-10, 12, 15-20, 22-26, 28, 29, 31, 36, 38-46, 48, 50, 51, 54-61 and 63-65.

Provided that the surcharge shall not be payable in respect of instruments exempted by section 3.

(2) The rate of Stamp Surcharge shall be twenty. Five paise per instrument.

(3) The Stamp Surcharge shall by payable as if it were a duty under section 3 and the provisions of this Act including the rules thereunder shall according apply; and the authorities for the time being empowered to collect and