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Feb 072012
 

stamp paper Delhi Govt to bring non judicial stamp papers of Rs 500
The Delhi government has decided to bring non-judicial stamp papers of Rs 500 and below under the ambit of e-stamp process. The decision was taken in a cabinet meeting on Monday to check frauds and weed out touts.

Chief minister, Sheila Dikshit stated that Delhi will become the first state to issue e-stamp papers of all denominations. The complete switchover to e-stamp mode will prevent fraudulent practices in this field, she added. The city government had shifted to e-stamping of non-judicial stamp papers of denominations of Rs 501 and above from April, 2008.

Presently, e-stamp collection per month is around Rs 200 crore. The annual sale of the physical non-judicial stamp papers is about Rs 60 crore. By bringing e-stamp papers of Rs 500 and below under the ambit of e-stamp mode, the government will save a huge amount on account of payment of printing charges. Dikshit added that e-stamp papers are tamperproof and a secure electronic payment gateway.

http://timesofindia.indiatimes.com

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