DFIM Circular Letter No. 11: Amended Duty of The Stamp Act, 1899 (Act II of 1899)

Supreme Priority
Government of the People's Republic of Bangladesh Ministry of Finance Department of Internal Resources Stamp Administration Branch 14 Asharh, 1419 Bangla 08.00.0000.040.38.003.11.69 Date: ---------------------- 28 June, 2012 AD

Subject: Implementation of Amended Duty (Ud) of the Stamp Act, 1899 (Act II of 1899) through the Finance Act, 2012, effective from 01 July, 2012.

In order to increase revenue collection from the non-NBR tax revenue sector, the Government has re-determined the amended duty (Ud) for 41 entries out of 65 entries in Section 4(1) and Section 30 of the Stamp Act, 1899 (Act II of 1899) through the Finance Act, 2012, and there is a legal obligation to implement it from 01 July, 2012 (Copy attached).

(a) Amended Duty (Ud) under Section 4(1) and Section 30:

Section	Description	Effective from 01-7-12	Duty (Ud)
4(1)	Any document executed by or before a Notary Public		300/-
30	Any document executed by or before a Notary Public		30 Taka

(b) Amended Duty (Ud) for the following 41 entries out of 65 entries in Schedule-I:

Schedule-I Entry No.	Description	Effective from 01-7-12	Duty (Ud)
01	Affidavit		10 Taka
02	Office of the Revenue Officer (a) 50 Taka, (b) 200 Taka		50 Taka, 200 Taka
04	Power of Attorney		200 Taka
05	Lease of Immovable Property (a) 50 Taka, (b) 200 Taka, (c) 300 Taka		50 Taka, 200 Taka, 300 Taka
07	Agreement		200 Taka
08	Bond (b)(c) 150 Taka		150 Taka
09	Bond for Payment of Money 150 Taka		150 Taka
10	Release of Immovable Property (a) 3000 Taka, (b) 8000 Taka, (c) 20000 Taka, (d) 2000 Taka		3000 Taka, 8000 Taka, 20000 Taka, 2000 Taka
14	Receipt of Money (a) 50 Taka, (b) 100 Taka, (c) 500 Taka		50 Taka, 100 Taka, 500 Taka
15	Receipt		50 Taka
17	Acknowledgement of Receipt of Money		200 Taka
18	Receipt of Money (a) 100 Taka		100 Taka
20	Receipt of Rent		500 Taka
22	Acknowledgement of Receipt of Money		200 Taka
24	Receipt (a) 30 Taka, (b) 50 Taka		30 Taka, 50 Taka
25	Receipt of Interest (b) 100 Taka		100 Taka
26	Office of Receipt (a) 1000 Taka, (b) 2000 Taka		1000 Taka, 2000 Taka
28	Acknowledgement of Receipt		50 Taka
30	Lease of Immovable Property (excluding agricultural land)		1500 Taka
37	Receipt of Interest		300 Taka
38	Receipt of Rent		300 Taka
39	Receipt of Money for Payment of Money (a) 1000 Taka, (b)(c) 2000 Taka, (d) 3000 Taka		1000 Taka, 2000 Taka, 3000 Taka
40	Agreement (1)(b) 50 Taka, (c) 100 Taka, 2(a) 2000 Taka, (b) 5000 Taka, (c) 5000+ .1%		50 Taka, 100 Taka, 2000 Taka, 5000 Taka, 5000+ .1%
41	Agreement for Sale of Land		10 Taka
42	Bond for Payment		200 Taka
43	Bond for Payment of Money (a) 20 Taka, (b)(c) 20+1 Taka up to 10,000/-		20 Taka, 20+1 Taka
44	Bond for Payment of Money for Payment of Money		300 Taka
46	Acknowledgement of Receipt of Money (a) 1000 Taka, (b) 2000 Taka, E-1000 Taka		1000 Taka, 2000 Taka, 1000 Taka
48	Receipt of Money (a) 100 Taka, (b) 200 Taka, (c) 400 Taka, (d) 800 Taka		100 Taka, 200 Taka, 400 Taka, 800 Taka
49	Receipt of Money (a)(b) 10 Taka, (c) 20 Taka, (d) 50 Taka		10 Taka, 20 Taka, 50 Taka
50	Receipt of Interest		200 Taka
51	Receipt of Money for Payment of Money		300 Taka
52	Receipt		20 Taka
53	Acknowledgement		10 Taka
54	Office of Agreement for Lease of Immovable Property (b) 300 Taka		300 Taka
55	Bond (a) 50 Taka, (b) 200 Taka		50 Taka, 200 Taka
57	Office of Acknowledgement of Receipt of Money (a) 50 Taka, (b) 200 Taka		50 Taka, 200 Taka
60	Acknowledgement of Receipt of Money		50 Taka
61	Receipt of Rent (b) 100 Taka		100 Taka
62	Receipt (d) 100 Taka, (e) 50 Taka		100 Taka, 50 Taka
65	Receipt up to 50 Taka		50 Taka

02. In this regard, the Ministry has requested all concerned departments/directorates/offices/organizations under its Ministry/Department to issue necessary instructions to ensure collection of the amended duty (Ud) specified in Schedule-I of the Stamp Act, 1899, as amended by the Finance Act, 2012, from 01 July, 2012 (including 01 July).

Enclosure: As above. Signed

(Md. Saiful Shah Panna)
Senior Assistant Secretary
Phone-9557523