Section 29 Duties by whom payable

 

In the absence of an agreement to the contrary, the expense of providing the proper stamp shall be drone-

A) in the case of any instrument described in any of the following Articles of Schedule I, namely : -

            No. 2. (Administration Bonds),

            [ No. 6. ( Agreement relating to deposit of Title deeds, Pawn or pledge)],

            No. 13. (Bill of Exchange),

            No. 15. (Bonds),

            No. 16. (Bottomry Bond),

            No. 26. (Customs Bond),

            No. 27. (Debenture),

            No 32. (Further Charge),

            No. 34. (Indemnity-Bond),

            No. 40. ( Mortgage-deed),

            No. 49.. ( Promissory-note),

             No. 55. (Release),

            No. 56. ( Respondentia Bond),

            No. 57. (Security Bond or Mortgage-deed),

            No. 58. (Settlement),

            No. 62(a). (Transfer of shares in an incorporated company or other body corporate),

            No. 62(b). (Transfer of shares in an incorporated company or other body corporate),

            No. 62(c) (Transfer of debentures, being marketable securities, whether the debenture is liable to                               duty or not, except debentures provided for by Section 8),

           By the person drawing, making or executing such instrument;

            [ (b) in the case of a policy of insurance other than fire-insurance-by the person effecting the                     insurance;

              (bb) in the case of a policy of fire-insurance-by the person issuing the policy;]

               (c)  in the case of a conveyance ( including a reconveyance of mortgaged property) by the                             grantee; in the case of a lease or agreement to lease-by the lessee or intended lessee;

              (e) in the case of an instrument of exchange-by the parties in equal shares;

             (f) in the case of a certificate od sale-by the purchaser of the property to which such                                     certificate relates; and 

           (g) in the case of an instrument of partition-by the parties thereto in proportion to their respective             shares in the whole property partitioned, or, when the partition is made in execution of an order               passed by a Revenue authority or Civil Court or arbitrator, in such proportion as such authority,                 Court or arbitrator directs.

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