https://www.taxtmi.com/article/detailed?id=8210 The statutory term "award" in Item 12 of Schedule I of the Indian Stamp Act, 1899 does not include foreign awards, so foreign arbitral awards are not presently chargeable under that Schedule; consequently, non payment of stamp duty under the current statutory scheme does not automatically obstruct enforcement, though the legislature may lawfully amend the Act to subject foreign awards to stamp duty, and any levy must conform with non discriminatory treatment under the New York Convention. en-us Wed, 17 Oct 2018 13:05:32 +0530 Wed, 17 Oct 2018 13:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8210 The statutory term "award" in Item 12 of Schedule I of the Indian Stamp Act, 1899 does not include foreign awards, so foreign arbitral awards are not presently chargeable under that Schedule; consequently, non payment of stamp duty under the current statutory scheme does not automatically obstruct enforcement, though the legislature may lawfully amend the Act to subject foreign awards to stamp duty, and any levy must conform with non discriminatory treatment under the New York Convention. Articles Other Topics Wed, 17 Oct 2018 13:05:32 +0530 https://www.taxtmi.com/article/detailed?id=8210