Saturday, October 25, 2014

DEFICIENT STAMP DUTY- PROCEDURE UNDER STAMP ACT, 1899




In the stamp Act, 1899 there are two stages where a case of deficient stamp duty arises-
(i)               When at the stage of execution of the instrument.
(ii)             When at the stage of civil suit proceedings.
         
The first stage is covered by section 31 of the Act where it states as follows:

I.         WHEN AT THE STAGE OF INSTRUMENT

Legal Provisions:

17. Instruments executed in India
All instruments chargeable with duty and executed by any person in India shall be stamped before or at the time of execution.

31. Adjudication as to proper stamp-.
            (1) When any instrument, whether executed or not and whether previously stamped or not, is brought to the Collector, and the person bringing it applies to have the opinion of that officer as to the duty (if any) with which it is chargeable, and pays a fee of such amount (not exceeding five rupees and not less than [fifty naye paise] as the Collector may in each case direct, the Collector shall determine the duty (if any) with which, in his judgment, the instrument is chargeable. 
(2) For this purpose the Collector may require to be furnished with an abstract of the instrument, and also with such affidavit or other evidence as he may deem necessary to prove that all the facts and circumstances affecting the chargeability of the instrument with duty, or the amount of the duty with which it is chargeable, are fully and truly set forth therein, and may refuse to proceed upon any such application until such abstract and evidence have been furnished accordingly:
Provided that-
(a)   no evidence furnished in pursuance of this section shall be used against any person in any civil proceedings except in an inquiry as to the duty with which the instrument to which it relates is chargeable; and
(b)   every person by whom any such evidence is furnished shall, on payment of the full duty with which the instrument to which it relates is chargeable, be relieved from any penalty which he may have incurred under this Act by reason of the omission to state truly in such instrument any of the facts or circumstances aforesaid.

32. Certificate by Collector –
1)     When an instrument brought to the Collector under section 31, is, in his opinion, one of a description chargeable with duty, and--
(a)    the Collector determines that it is already fully stamped, or
(b)    the duty determined by the Collector under section 31, or such a sum as, with the      duty already paid in respect of the instrument, is equal to the duty so determined, has been paid, the Collector shall certify by endorsement on such instrument that the full duty (stating the amount) with which it is chargeable has been paid.
2)     When such instrument is, in his opinion, not chargeable with duty, the Collector shall certify in manner aforesaid that such instrument is not so chargeable.
3)     Any instrument upon which an endorsement has been made under this section, shall be deemed to be duly stamped or not chargeable with duty, as the case may be; and, if chargeable with duty, shall be receivable in evidence or otherwise, and may be acted upon and registered as if it had been originally duly stamped:

Provided that nothing in this section shall authorise the Collector to endorse—
(a)    any instrument executed or first executed in 1*[India] and brought to him after the expiration of one month from the date of its execution or first execution, as the case may be;
(b)    any instrument executed or first executed out of 1*[India] and brought to him after the expiration of three months after it has been first received in 1*[India]; or
(c)     any instrument chargeable 2*[with a duty not exceeding ten naye paise] or any bill of exchange or promissory note, when brought to him, after the drawing or execution thereof, on paper not duly stamped

DISCUSSION-
The section covers both the stages of the instrument i.e whether executed or not and whether stamped or not. After taking the due fee prescribed under this section the Collector shall provide his adjudication as to the proper duty.
Adjudication can be claimed in respect of any instrument, whether executed or not. The collector may require for adjudication an abstract of the instrument along with affidavit or any other instrument to enable him to determine the proper duty. The collector is alone authorized to decide as to the duty chargeable under this section and his decision is final or he may also refer the case to Chief Controlling Revenue Authority u/s 66 of the Act.
No penalty for insufficient stamping, beyond the deficient duty and the adjudication fee is leviable when the document is unstamped or insufficiently stamped and is taken to collector u/s 31.
U/s 32(Proviso a) there is provision for Certificate of Collector the collector shall endorse the instrument by a certificate that a full duty with which an amount is chargeable is duly stamped and paid or the instrument is already duly stamped with requisite amount of duty. After receiving the endorsement u/s 32 for an instrument brought to the collector u/s 31 the instrument can be relied as evidence or may be acted upon for registration

Provided, that any such instrument shall only be considered for endorsement only if the same has been brought to the collector within one month after from the date of its first execution.

Where section 17 of the Act provides that an instrument chargeable with duty and executed by any person in India shall be stamped before or at the time of its execution then it is best to apply u/s 31 before the execution of such instrument and thereafter a certificate u/s 32 should be sought by the applicant

Once a matter is sent for adjudication u/s 31 and 32 of the Act and endorsement is issued, the instrument shall be treated as duly stamped.

However, the Hon’ble Supreme Court in the case of Government of Uttar Pradesh v. Mohd. Amir Ahmad Khan (AIR 1961 SC 787) decided as follows:
“The scheme of the Act shows that where a person is simply seeking the opinion of the Collector as to the proper duty in regard to an instrument, he approaches him under s. 31. If it is properly stamped and the person executing the document wants to proceed with effectuating the document or using it for the purposes of evidence, he is to make up the duty and under s. 32 the Collector will then make an endorsement and the instrument will be treated as if it was duly stamped from the very beginning. But if he does not want to proceed any further than seeking the determination of the duty payable then no consequence will follow and an executed document(beyond time limit) is in the same position as an instrument which is unexecuted and unstamped and after the determination of the duty the Collector becomes functus officio and the provisions of s. 33 have no application. The provisions of that section are a subsequent stage when something more than mere asking of the opinion of the Collector is to be done.”

Therefore nothing prohibits the person seeking an opinion for the proper stamp duty on an instrument from applying to the collector u/s 31 of the Act.

CONCLUSION

Therefore, it is advisable to always apply under section 31 for the adjudication and payment of deficient stamp duty because in such case the penalty chargeable u/s 38 shall not be charged provided the same has been brought to Collector within one month from the date of execution of the instrument.



II.        WHEN AT THE STAGE OF CIVIL SUIT PROCEEDINGS

Legal Provisions Involved
33. Examination and impounding of instruments-
(1) Every person having by law or consent of parties authority to receive evidence, and every person in charge of a public office, except an officer of police before whom any instrument, chargeable, in his opinion, with duty, is produced or comes in the performance of his functions, shall if it appears to him that such instrument is not duly stamped, impound the same.
(2) For that purpose every such person shall examine every instrument, so chargeable and so produced or coming before him, in order to ascertain whether it is stamped with a stamp of the value and description required by the law in force in 3[India] when such instrument was executed or first executed :
            Provided that-
nothing herein contained shall be deemed to require any Magistrate or Judge of a Criminal Court to examine or impound, if he does not think fit so to do, any instrument coming before him in the course of any proceeding other than a proceeding under Chapter XII or Chapter XXXVI, of the Code of Criminal Procedure, 1898

40.       Collector’s power to stamp instruments impounded. - (1) When the Collector impounds any instrument under section 33, or receives any instrument sent to him under section38, sub-section (2), not being an instrument chargeable 2[with a duty not exceeding ten naye paise] only or a bill of exchange or promissory note, 3[or acknowledgement or delivery order], he shall adopt the following procedure :-
(a) if he is of opinion that such instrument is duly stamped or is not chargeable with duty, he shall certify by endorsement thereon that it is duly stamped, or that it is not so chargeable, as the case may be :
(b) if he is of opinion that such instrument is chargeable with duty and is not duly stamped, he shall require the payment of the proper duty or the amount required to make up the same, together with a penalty of five rupees; or, if he thinks fit 1[an amount not exceeding] ten times the amount of the proper duty or of the deficient portion thereof, whether such amount exceeds or falls short of five rupees :
Provided that, when such instrument has been impounded only because it has been written in contravention of section 13 or section 14, the Collector may, if he thinks fit, remit the whole penalty prescribed by this section.
(2) Every certificate under clause (a) of sub-section (1) shall, for the purposes of this Act, be conclusive evidence of the matter stated therein.
(3) Where an instrument has been sent to the Collector under section 38, sub-section (2), the Collector shall, when he has dealt with it as provided by this section return it to the impounding officer.

DISCUSSION-

The Hon’ble Supreme Court in the case of Government of Uttar Pradesh v. Mohd. Amir Ahmad Khan (AIR 1961 SC 787) observed:
“Section 33 empowers every person in charge of a public office before whom an instrument chargeable with duty is produced or comes in the performance of his functions to impound the instrument if it is not duly stamped. When an instrument is presented to the Collector under s. 31 for determination of duty it cannot be said that it "is produced or comes in the performance of his functions" as contemplated by S. 33. These words refer firstly to production before judicial or other officers performing judicial functions as evidence of any fact to be proved, and secondly refer to other officers who have to perform any function in regard to those instruments when they come before them, e.g., registration”
“Section 33 of the Act to means "that production of the instrument concerned in evidence or for the purpose of placing reliance upon it by one party or the other."

Chapter IV of the Act which deals with instruments not duly stamped and which contains as. 33 to 48, provides for impounding of documents, how the impounded documents are to be dealt with, Collector's powers to stamp instruments impounded and how the duties and penalties are to be recovered.

CONCLUSION
The stage of section 33 commences (i) after expiry of one month from date of execution of document; or (2) when the document is relied upon as evidence. The subsequent section for impounding (s.35) and for penalty (s.38) operates only at this stage. Whereas at section 40 the jurisdiction to adjudicate upon proper stamp duty and charge penalty for the same lies with the concerned collector.


Therefore, the Stamp Act, 1899 suffers from this narrow statutory scheme limited by the time of one month where a person if is inclined to make good his instrument by paying the deficit amount of duty to government, can do so only after giving the penalty for the same, subsequent to impoundment. 

No comments:

Post a Comment

Quest for Justice

 Justice is a basic tenet of life and liberty. This statement looks very simple but has a very deep-rooted meaning. A wrong done to an indiv...