What are the benefits of E-stamping? How do we verify e-stamping?

CS Executive · Jurisprudence, Interpretation and General Laws · PYQS · June 2023
What are the benefits of E-stamping? How do we verify e-stamping?

Answer & Explanation:

Benefits of e-stamping E-Stamping 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. The benefits of e-Stamping are as under: 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. Government of India, Ministry of Finance, Department of Economic Affairs appointed SHCIL to act as Central Record Keeping Agency (CRA). 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 .

Topics: Indian Stamp Act, 1899

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