Section 16 of the Indian Stamp Act, 1899 – Denoting duty

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Section 16: Denoting duty

BOTTOMRY BOND, that is to say, any instrument whereby the master of a sea-going ship to enable him the preserve the ship or prosecute her voyage— Where the amount or value secured does not exceed Rs. 10; Thirty-eight naye paise. Where it exceeds Rs. 10 and does not exceed Rs. 50; Seventy-five naye paise. Where it exceeds Rs. 50 and does not exceed Rs.100; One rupee and thirty-eight naye paise. Where it exceeds Rs. 100 and does not exceed Rs.200; Two rupees and eighty-two naye paise. Where it exceeds Rs. 200 and does not exceed Rs.300; Four rupees and twenty naye paise. Where it exceeds Rs. 300 and does not exceed Rs.400; Five rupees and sixty–two naye paise. Where it exceeds Rs. 400 and does not exceed Rs.500; Seven Rupees. Where it exceeds Rs. 500 and does not exceed Rs.600; Eight rupees and forty-four naye paise. Where it exceeds Rs. 600 and does not exceed Rs.700; Nine rupees and twenty-two naye paise. Where it exceeds Rs. 700 and does not exceed Rs.800; Eleven rupees and twenty-five naye paise. Where it exceeds Rs. 800 and does not exceed Rs.900; Twelve rupees and sixty-two naye paise. Where it exceeds Rs. 900 and does not exceed Rs.1000; Fourteen rupees and six naye paise. and for every Rs. 500 or part thereof in excess of Rs. 1,000; Seven rupees.

Source: official text of The Indian Stamp Act, 1899 as published on India Code (PDF). All sections of the Indian Stamp Act, 1899.

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