Indian Stamp Act — Section 1874

1874), section 18.

2 [13. BILL OF EXCHANGE as defined by s.2(2), not being a Bond, bank-note or currency- note—

(b)where payable otherwise than on demand—

(i) where payable not more than three months

after date or sight—

if the amount of the bill or note does not

Thirty paise.

exceed Rs. 500;

if it exceeds Rs. 500 but does not exceed

Rs. 1,000;

Sixty paise.

and for every additional Rs. 1,000 or part thereof

Sixty paise.

in excess of Rs. 1,000;

(ii)where payable more than three months but

not more than six months after date or sight—

if the amount of the bill or note does not

exceed Rs. 500;

Sixty paise.

if it exceeds Rs. 500 but does not exceed

One rupee twenty paise.

Rs. 1,000;

and for every additional Rs. 1,000 or part

One rupee twenty paise.

thereof in excess of Rs. 1,000;

(iii) where payable more than six months but

not more than nine months after date or sight—

if the amount of the bill or note does not

Ninety paise.

exceed Rs. 500;