What is meant by duly stamped

Posted on 07-05-2016        By ADMIN

What is meant by duly stamped ? 

1. Instrument bears an adhesive or impressed stamp

  2. Stamp is of Proper amount 

3. Such stamp has been affixed or used in accordance with law in force in India [section 2(11)].  

4. In case of adhesive stamps, the stamps have to be effectively cancelled so that they cannot be used again.  

5. Similarly, impressed stamps have to be written in such a way that it cannot be used for other instrument and stamp appears on face of instrument. 

 6. If stamp is not so used, the instrument is treated as ‘un-stamped’.  

7. Similarly, when stamp duty paid is not adequate, the document is treated as ‘not duly stamped’. 

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