Stamp duty on high sea sales confirmed; trade stakeholders must comply with stamp obligations for such sale instruments. Stamp duty applies to contracts of sale executed in respect of goods sold while at sea (high sea sales) under the schedule to the applicable stamp law; Article 24 identifies instruments related to such transactions as subject to stamp duty. Trade stakeholders including importers, exporters and agents are informed that the registration and stamps authority has confirmed the levy and are directed to comply with the stamp duty requirements when documenting high sea sale transactions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Stamp duty on high sea sales confirmed; trade stakeholders must comply with stamp obligations for such sale instruments.
Stamp duty applies to contracts of sale executed in respect of goods sold while at sea (high sea sales) under the schedule to the applicable stamp law; Article 24 identifies instruments related to such transactions as subject to stamp duty. Trade stakeholders including importers, exporters and agents are informed that the registration and stamps authority has confirmed the levy and are directed to comply with the stamp duty requirements when documenting high sea sale transactions.
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