Section 7 of the Indian Stamp Act, 1899 – Policies of sea-insurance

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Section 7: Policies of sea-insurance

made otherwise than under an order of the court in the course of a suit- (a) Where the amount does not exceed Rs. 1,000. The same duty as a Bond (No. 15) for such amounts. (b) In any other case. Twenty four Rupees. EXEMPTIONS: 8. APPRAISEMENT OR VALUATION made for the information of one party only, and not being in any manner obligatory between parties either by agreement or operation of law. (a) Appraisement of crops for the purpose of ascertaining the amount to be given to a landlord as rent.

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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