https://www.taxtmi.com/caselaws?id=301838 A hundi that postpones payment for 180 days after execution is not payable on demand because a demand instrument must be immediately payable without postponement. The Indian Stamp Act scheme, including Article 13 of Schedule I, treats bills of exchange payable otherwise than on demand as chargeable according to the deferred period, and a document is not taken outside that scheme merely because it is not drafted in the exact language of the sub-clauses. The instrument was therefore payable otherwise than on demand and was insufficiently stamped. The trial court's order was set aside and the revision petition succeeded. en-us Fri, 22 Dec 1972 00:00:00 +0530 Fri, 22 Apr 2022 18:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301838 A hundi that postpones payment for 180 days after execution is not payable on demand because a demand instrument must be immediately payable without postponement. The Indian Stamp Act scheme, including Article 13 of Schedule I, treats bills of exchange payable otherwise than on demand as chargeable according to the deferred period, and a document is not taken outside that scheme merely because it is not drafted in the exact language of the sub-clauses. The instrument was therefore payable otherwise than on demand and was insufficiently stamped. The trial court's order was set aside and the revision petition succeeded. Case-Laws Indian Laws Fri, 22 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301838