STAMP.
No. 8 of 1921.
2585
some indorsement made by the Collector thereon, that the full and proper duty has been paid upon the original instrument of which it is the duplicate or counterpart.
of duty by Collector.
14. (1) Subject to such rules as the Collector may think fit to make, the Collector may be required by any person to express his opinion with reference to any executed instrument 54 & 55 Vict.
c. 39, s. 12. upon the following questions:
(a) whether it is chargeable with any duty; (b) with what amount of duty it is chargeable.
(2) The Collector may require to be furnished with an abstract of the instrument, and also with such evidence as he may deem necessary, in order to show to his satisfaction whether all the facts and circumstances affecting the liability of the instrument to duty, or the amount of the duty chargeable thereon, are fully and truly set forth therein.
(3) If the Collector is of opinion that the instrument is not chargeable with any duty, it may be stamped with a particular stamp denoting that it is not chargeable with any duty.
(4) If the Collector is of opinion that the instrument is chargeable with duty, he shall assess the duty with which it is in his opinion chargeable, and when the instrument is stamped in accordance with the assessment it shall also be stamped with the adjudication stamp.
(5) Every instrument stamped with the particular stamp denoting either that it is not chargeable with any duty, or with the adjudication stamp, shall be admissible in evidence, and available for all purposes notwithstanding any objection relating to duty.
(6) An instrument upon which the duty has been assessed by the Collector shall not, if it is unstamped or insufficiently stamped, be stamped otherwise than in accordance with the assessment.
(7) Nothing in this section shall extend to any instrument chargeable with ad valorem duty, and made as a security for money or stock without limit.
(8) Nothing in this section shall authorise the stamping after the execution thereof of any instrument which by law cannot be stamped after execution.
* As amended by Law Rev. Ord., 1924.
STAMP.
No. 8 of 1921.
2585
some indorsement made by the Collector thereon, that the full and proper duty has been paid upon the original instru- ment of which it is the duplicate or counterpart.
of duty by Collector.
14. (1) Subject to such rules as the Collector may think Adjudication fit to make, the Collector may be required by any person to express his opinion with reference to any executed instrument 54 & 55 Vict.
c. 39, s. 12. upon the following questions :
(a) whether it is chargeable with any duty; (b) with what amount of duty it is chargeable.
(2) The Collector may require to be furnished with an abstract of the instrument, and also with such evidence as he may deem necessary, in order to show to his satisfaction whether all the facts and circumstances affecting the liability of the instrument to duty, or the amount of the duty charge- able thereon, are fully and truly set forth therein.
(3) If the Collector is of opinion that the instrument is not chargeable with any duty, it may be stamped with a particular stamp denoting that it is not chargeable with any duty.
(4) If the Collector is of opinion that the instrument is chargeable with duty, he shall assess the duty with which it is in his opinion chargeable, and when the instrument is stamped in accordance with the assessment it shall also be stamped with the adjudication stamp.
(5) Every instrument stamped with the particular stamp denoting either that it is not chargeable with any duty, or with the adjudication stamp, shall be admissible in evidence, and available for all purposes notwithstanding any objection relating to duty.
(6) An instrument upon which the duty has been assessed by the Collector shall not, if it is unstamped or insufficiently stamped, be stamped otherwise than in accordance with the
assessment.
(7) Nothing in this section shall extend to any instrument chargeable with ad valorem duty, and made as a security for money or stock without limit.
(8) Nothing in this section shall authorise the stamping after the execution thereof of any instrument which by law cannot be stamped after execution.
* As amended by Law Rev. Ord., 1924.
No comments yet.
Private notes are available after approval.