Explain the concept and verification of e-stamping.

E-stamping is a computer based application and a secured electronic way of stamping documents. The prevailing system of physical stamp paper/franking is being replaced by E-stamping system. To reduce the instances of counterfeits and errors, government introduced the e-stamping facility in 2013. The Stock Holding Corporation of India Limited (SHCIL) is the Central Record Keeping Agency (CRA). Through modernisation, there has been an introduction of E-stamp or as known as an electronic stamp. E-Stamping is a computer-based procedure and a secure manner for the state to pay non-judicial stamping duties. The prevailing system of physical stamp paper / franking is being replaced by E-Stamping system. Verification of e-stamping An e-Stamp can be verified online by clicking on verify e-Stamp certificate and entering the required details i.e State Certificate Number (UIN) Stamp Duty Type (Description of Document) Certificate Issue Date 6 character alphanumeric string UIN is a Unique system generated number mentioned on the e-Stamp Certificate. Anybody, having the Unique Identification Number, can check the authenticity of the Certificate through www.shcilestamp.com .