Good afternoon to all members.
kindly advice on the limitation of time for using stamp papers. is there it true that the stamp is valid for only six months?
kindly guide in this regard.
thanks
Smita_L01042008 (student) 17 June 2010
Good afternoon to all members.
kindly advice on the limitation of time for using stamp papers. is there it true that the stamp is valid for only six months?
kindly guide in this regard.
thanks
Daksh (Student) 17 June 2010
Although this querry was answered previously as well I am reproducing the relevant text as hereunder :
Brief: According to a recent Supreme Court judgement dated 19/02/2008 in the case of Thiruvengada Pillai Vs Navaneethammal and Anr, THE STAMP PAPERS DO NOT HAVE ANY EXPIRY PERIOD.
Citation: Thiruvengada Pillai Vs Navaneethammal and Anr.
Judgment:
According to a recent Supreme Court judgment dated 19/02/2008 in the case of Thiruvengada Pillai Vs Navaneethammal and Anr, the stamp papers do not have any expiry period. Relevant extract from SC Judgment is reproduced herein below:
"The Indian Stamp Act, 1899 nowhere prescribes any expiry date for use of a stamp paper. Section 54 merely provides that a person possessing a stamp paper for which he has no immediate use (which is not spoiled or rendered unfit or useless), can seek refund of the value thereof by surrendering such stamp paper to the Collector provided it was purchased within the period of six months next preceding the date on which it was so surrendered. The stipulation of the period of six months prescribed in section 54 is only for the purpose of seeking refund of the value of the unused stamp paper, and not for use of the stamp paper. Section 54 does not require the person who has purchased a stamp paper, to use it within six months.
Therefore, there is no impediment for a stamp paper purchased more than six months prior to the proposed date of execution, being used for a document
Best regards
Daksh
PJANARDHANA REDDY (ADVOCATE & DIRECTOR) 17 June 2010
DEAR SAM,
THERE IS NO VALIDITY TIME LIMIT FOR USAGE OF STAMP PAPERS, PLS GO THR ATTACHED SC CITATION FULL TEXT.
THIS IS A LAND MARK JUDGMENT.
Smita_L01042008 (student) 18 June 2010
Thank you for advice
Abhijit (Legal head) 22 May 2015
Is this judgment appplciable in case state have their own act which governs time period for usage of stamp paper..Like wise in maharahstra they have Bombay stamp act which says hte validity for stamp paer is six months