What is e-stamping under the Indian Stamp Act, 1899 and what are its benefits? How can an e-stamp be verified ?
CS Executive · Jurisprudence, Interpretation and General Laws · PYQS · June 2024
What is e-stamping under the Indian Stamp Act, 1899 and what are its benefits? How can an e-stamp be verified ?
Answer & Explanation:
E-Stamping under the Indian Stamp Act, 1899 is a computer-based application and a secured way of paying non-judicial stamp duty to the Government. The prevailing system of physical stamp paper/franking is being replaced by E-Stamping system. Benefits of e-Stamping E-Stamp Certificate can be generated within minutes; E-Stamp Certificate generated is tamper proof; E-Stamp Certificate generated has a Unique Identification Number; Easy accessibility and faster processing; Security; Cost savings and User friendly. Verification of e-stamping Government of India, Ministry of Finance, Department of Economic Affairs appointed SHCIL to act as Central Record Keeping Agency (CRA). An e-stamp can be verified online by clicking on verify e-Stamp certificate and entering the required details: 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 the website www.shcilestamp.com.
Topics: Indian Stamp Act
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