STAMP.
No. 8 of 1921.
1497
(2) The stamps to be affixed or impressed upon the said instruments shall be adhesive, impressed or overembossed, as may be respectively specified in the fourth column of the Schedule.
(3) Subject to the provisions of sections 16, 17, 18 and 20, the points of time before which and the periods of time within which the respective instruments must be stamped shall be those specified in the fifth column of the Schedule, and where in the said fifth column it is provided that an instrument is to be stamped within a certain period of time after execution, the said period of time shall be reckoned as commencing on the day after the execution of the instrument in question by the person who first executes it, unless otherwise stated in the Schedule.
(4) Where in the fifth column of the Schedule it is specified that an instrument is to be stamped before execution, such instrument must be stamped before execution by any party thereto.
(5) If any instrument which is chargeable with stamp duty is not duly stamped, the person or persons respectively specified in the sixth column of the Schedule as being liable for stamping shall be liable, or jointly and severally liable, as the case may be, civilly to the Collector for the payment of the specified duty.
(6) If any instrument which is liable to stamp duty is not duly stamped, every person specified in the sixth column of the Schedule as being liable for stamping shall also be deemed to be guilty of an offence against this Ordinance.
(7) Where in the sixth column of the Schedule the liability for stamping is imposed upon more persons than one, every person on whom the said liability is imposed may, if the instrument is not duly stamped, be proceeded against either civilly or criminally without reference to any civil liability of the parties inter se for the payment of the stamp duty.
(8) Where in the Schedule it is specified that the stamp duty is to be payable otherwise than by means of stamps, the duty shall be payable as may be stated in the Schedule and in any regulations which may be made under this Ordinance on the subject.