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Thursday, April 18

Stamp Duty on Bottomry Bond in Andhra Pradesh


On Bottomry Bond i.e. to say, any instrument whereby the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage.


(i) Where the amount or value secured does not exceed Rs. 1,000/-

Three rupees for every one hundred rupees or part thereof

(ii) When it exceeds Rs. 1,000/-, for every Rs. 500/- or part thereof in excess of Rs. 1,000 /-

Fifteen Rupees


  
For exemptions and other details please refer to Schedule IA of the Indian Stamp Act, 1899, as applicable to Andhra Pradesh.

Also see