STAMP.
No. 8 of 1921.
1501
(3) In any question whatsoever arising under this section the onus of proof shall lie upon the person who asserts that there has been no splitting in order to evade stamp duty.
stamps.
11. (1) Where stamp duty is required or permitted by law to be denoted by an adhesive stamp, such stamp shall be cancelled in such a manner as to render it incapable of being used again for any revenue purpose.
(2) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped before execution, or before issue, or before being parted with by the maker, or before the doing of any other act, the first person executing, or the person issuing, or the maker, or the person doing such other act, as the case may be, shall cancel the adhesive stamp before execution, or before issuing, or before parting with the instrument, or before doing such other act, as the case may be.
(3) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped within a certain period after any event, the person affixing the adhesive stamp shall cancel it forthwith and before he parts with the instrument.
(4) Subject to the provisions of sections 16, 18 and 20, an instrument, the stamp duty on which is denoted by an adhesive stamp, shall not be deemed to have been duly stamped unless such stamp has been cancelled as required by this section.
of adhesive 54 & 55 Vict. c. 39, s. 8.
12.-(1) Notwithstanding any of the provisions of the Schedule with respect to overembossing, it shall be lawful for the Collector, when the stamp duty on an instrument exceeds one thousand dollars, to denote such duty by an impressed stamp which shall bear on it in writing a statement of the amount of the duty and the Collector's signature or initials.
(2) Postage stamps shall not be used for the purpose of paying any stamp duty under this Ordinance.
(3) No document shall be stamped with the stamp denoting
As amended by Law Rev. Ord., 1939, Supp. Sched.
STAMP.
No. 8 of 1921.
1501
(3) In any question whatsoever arising under this section
the onus of proof shall lie upon the person who asserts that there has been no splitting in order to evade stamp duty.
stamps.
11. (1) Where stamp duty is required or permitted by Cancellation law to be denoted by an adhesive stamp, such stamp shall be cancelled in such a manner as to render it incapable of being used again for any revenue purpose.
(2) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped before execution, or before issue, or before being parted with by the maker, or before the doing of any other act, the first person executing, or the person issuing, or the maker, or the person doing such other act, as the case may be, shall cancel the adhesive stamp before execution, or before issuing, or before parting with the instrument, or before doing such other act, as the case may be.
(3) Where an instrument, the stamp duty on which is required or permitted by law to be denoted by an adhesive stamp, is to be stamped within a certain period after any event, the person affixing the adhesive stamp shall cancel it forthwith and before he parts with the instrument.
(4) Subject to the provisions of sections 16, 18 and 20, an instrument, the stamp duty on which is denoted by an adhesive stamp, shall not be deemed to have been duly stamped unless such stamp has been cancelled as required by this section..
of adhesive 54 & 55 Vict. c. 39, s. 8.
12.-(1) Notwithstanding any of the provisions of the Methods of Schedule with respect to overembossing, it shall be lawful for stamping and
denoting. the Collector, when the stamp duty on an instrument exceeds
Schedule. one thousand dollars, to denote such duty by an impressed stamp which shall bear on it in writing a statement of the amount of the duty and the Collector's signature or initials.
(2) Postage stamps shall not be used for the purpose of paying any stamp duty under this Ordinance.
(3) No document shall be stamped with the stamp denoting
As amended by Law Rev. Ord., 1939, Supp. Sched.
No comments yet.
Private notes are available after approval.