Chapter III — CENTRAL BANKING FUNCTIONS

Section 29Bank exempt from stamp duty on bank notes

Section 29: Bank exempt from stamp duty on bank notes

29. Bank exempt from stamp duty on bank notes

The Bank shall not be liable to the payment of any stamp duty under the Indian Stamp Act, 1899 (2 of 1899) in respect of bank notes *** issued by it.

Amendment notes (1)
  1. omitted w.e.f. 1-4-1947 . The words "or Burma notes" omitted by Act 11 of 1947, s. 16 (w.e.f. 1-4-1947) which was earlier inserted by the M.O. 1937.