Examine with reasons, whether the following transactions are exempted under the Indian Stamp Act, 1899 : (c) Any instrument executed by the developer or unitor in connection with carrying out of purposes of the Special E

According to Section 3 of the Indian Stamp Act, 1899 no duty shall be chargeable in respect of any instrument executed by, or, on behalf of, or in favour of, the Developer or Unit or in connection with the carrying out of purposes of the Special Economic Zone. Accordingly, this instrument is not chargeable with stamp duty.