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Questions and Answers
What is the fee for stamp duty adjudication application?
What is the fee for stamp duty adjudication application?
- Rs. 100 (correct)
- Rs. 200
- Rs. 50
- Rs. 500
Who is eligible to apply for adjudication of stamp duty?
Who is eligible to apply for adjudication of stamp duty?
- Only sellers
- Any party to the instrument (correct)
- Only buyers
- Only government officials
What must the Collector's certificate include?
What must the Collector's certificate include?
- Neither amount nor Article
- Both amount paid and Article of Schedule I (correct)
- Only the amount paid
- Only the Article of Schedule I
What can the Collector demand for adjudication?
What can the Collector demand for adjudication?
Under what condition does the Collector provide a certificate?
Under what condition does the Collector provide a certificate?
How is the Collector's certificate typically issued?
How is the Collector's certificate typically issued?
What can lead the Collector to refuse to proceed with the adjudication process?
What can lead the Collector to refuse to proceed with the adjudication process?
Who initiates the adjudication process?
Who initiates the adjudication process?
What elements does the Collector's determination include?
What elements does the Collector's determination include?
What does the Collector do after adjudication?
What does the Collector do after adjudication?
Flashcards
Stamp duty adjudication fee
Stamp duty adjudication fee
The fee for applying to determine the correct stamp duty amount.
Who can apply for adjudication?
Who can apply for adjudication?
Any party involved in the instrument (e.g., buyer, seller).
Collector's certificate details required
Collector's certificate details required
The certificate needs to include both the total amount paid and the specific schedule article.
Collector's demanding documents
Collector's demanding documents
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Collector's certificate issuance
Collector's certificate issuance
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Collector's certificate format
Collector's certificate format
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Reasons for collector's refusal
Reasons for collector's refusal
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Initiation of adjudication process
Initiation of adjudication process
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Collector's determination in adjudication
Collector's determination in adjudication
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Collector's actions after adjudication
Collector's actions after adjudication
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Study Notes
Stamp Duty Adjudication Application Fees and Procedures
- Application Fee: Rs. 100
Who Can Apply for Adjudication?
- Applicant: Any party involved in the instrument (e.g., buyer, seller)
Collector's Certificate Requirements
- Contents: Includes both the amount paid and the relevant Schedule I Article.
Collector's Demands for Adjudication
- Documents: Requires the applicant to provide a true copy, an affidavit, and an abstract.
Collector's Certificate Issuance Criteria
- Conditions: Issued when either the full duty is paid or the correct duty amount is determined.
Issuance Method of Collector's Certificate
- Form: The certificate can be in an endorsement on the instrument.
Grounds for Collector Refusal to Proceed
- Reasons: The collector may refuse if the application fee is unpaid, documents are incomplete, or the provided information is inaccurate.
Initiating the Adjudication Process
- Initiator: The process is started by the concerned party.
Collector's Determination Outcomes
- Decision: Both the amount of duty and the relevant article of the schedule are decided by the Collector.
Collector's Actions Post-Adjudication
- Post-Adjudication Duties: The Collector only issues a certificate.
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