Section 13 of the Indian Stamp Act, 1899 – Instruments stamped with impressed stamps how to be written

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Section 13: Instruments stamped with impressed stamps how to be written

BILL OF EXCHANGE as defined by s.2(2), not being a Bond, bank-note or currency-note— (b)where payable otherwise than on demand— (i) where payable not more than three months after date or sight— The same duty as a Bond (No. 15) for such amount. Five rupees. if the amount of the bill or note does not exceed Rs. 500; Thirty paise. if it exceeds Rs. 500 but does not exceed Rs. 1,000; Sixty paise. and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; Sixty paise. (ii)where payable more than three months but not more than six months after date or sight— if the amount of the bill or note does not exceed Rs. 500; Sixty paise. if it exceeds Rs. 500 but does not exceed Rs. 1,000; One rupee twenty paise. and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; One rupee twenty paise. (iii) where payable more than six months but not more than nine months after date or sight— if the amount of the bill or note does not exceed Rs. 500; Ninety paise. if it exceeds Rs. 500 but does not exceed Rs. 1,000; One rupee eighty paise. and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; One rupee eighty paise. (iv)where payable more than nine months but not more than one year after date or sight— if the amount of the bill or note does not exceed Rs. 500; One rupee twenty five paise. if it exceeds Rs. 500 but does not exceed Rs. 1,000; Two rupees fifty paise. and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; Two rupees fifty paise. (c)where payable at more than one year after date or sight— if the amount of the bill or note does not exceed Rs. 500; Two rupees fifty paise. if it exceeds Rs. 500 but does not exceed Rs. 1,000; Five rupees. and for every additional Rs. 1,000 or part thereof in excess of Rs. 1,000; Five 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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