Regulatory Alerts2012-12-12
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DFIM Circular Letter No. 11: Amended Duty of The Stamp Act, 1899 (Act II of 1899)
The Ministry of Finance amends the stamp duties under Section 4(1), Section 30, and 41 entries of Schedule I of the Stamp Act, 1899 via the Finance Act, 2012. These revised duties are mandatory for collection effective July 1, 2012. The Ministry directs all its departments, directorates, offices, and attached organizations to ensure strict compliance with the new rates.
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