Is there provision to get refund of value of Stamp papers not used or spoiled etc.?
- by Ramarathnam, K.G.F.
Yes, there is provision. (a) If Stamp paper is purchased and executed as security to get loan and such loan could not be obtained on execution of such document within 6 months from the date of execution, and (b) when the stamp paper is not used for the purpose for which it was purchased, within one year from the date of such purchase. Application may be submitted within the time limit mentioned below to the District Registrar (Deputy Commissioner of Stamps), Assistant Commissioner (Revenue Division) or Assistant Commissioner of Stamps.
When time limit prescribed above has elapsed, application may be submitted to the Government within 10 years from the date of purchase.