Punjab · Act · 1899

STAMP ACT 1899

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THE STAMP ACT, 1899 (II of 1899)

SCHEDULE I (Stamp-Duty on Instruments) SCHEDULE II

(Repealed)

TEXT 1THE STAMP ACT, 1899 (II of 1899) [27 January, 1899] An Act to consolidate and amend the law relating to Stamps. WHEREAS it is expedient to consolidate and amend the law relating to Stamps; It is hereby enacted as follows:–

CHAPTER I

Preliminary

Section 1. Short title, extent and commencement

(1) This Act may be called the 2[*] Stamp Act, 1899. 3[(2) It extends to the whole of 4[the Punjab].]

(3) It shall come into force on the first day of July, 1899.

1This Act was published in the Gazette of India, dated: 28 January 1899, pp. 3-36. For Statement of Objects and Reasons, see Gazette of India, 1897, Part V, p. 175, for Report of the Select Committee, see ibid., 1898, Part V, p. 231; and, for Proceedings in Council, see ibid., 1898, Part VI, pp. 10 and 278; and ibid., 1899, Part VI, p. 5.

The Act was amended in its application to:–

(1) the Punjab and the N.W.F.P (now KPK) by the Indian Stamp (Punjab Amendment) Act, 1922 (Punjab VIII of 1922), the Indian Stamp (Punjab Amendment) Act, 1924 (Punjab I of 1924) and the Indian Stamp (N.W.F.P. Amendment) Act, 1948 (N.W.F.P. Act XV of 1948); see also the Punjab Stamp (Amendment) Act, 1935 (Punjab I of 1935), Punjab Act XIV of 1948, section 2 and Act XI of 1949, section 2, applying only to the Punjab; (2) Sind, by the Indian Stamp (Sind Amendment) Act, 1938 (Sind XII of 1938); (3) Capital of the Federation, by the Finance Act, 1952 (V of 1952); and (4) the Province of West Pakistan (except the Capital of the Federation) by the West Pakistan (Adaptation and Repeal of Laws) Act, 1957 (XVI of 1957), section 3(3) and 3rd Schedule (with effect from 14 October 1955). It was applied to Phulera in the Excluded Area of Upper Tanawal to the extent the Act is applicable in the N.W.F.P (now KPK), subject to certain modifications, and extended to the Excluded Area of Upper Tanawal (N.W.F.P) other than Phulera with effect from such date and subject to such modifications as may be notified, see N.W.F.P. (Upper Tanawal Excluded Area) Laws Regulation, 1950. This Act and all rules, notifications, declaration and orders made under it which were in force immediately before the first day of April, 1952, were extended to and brought into force in the State of Bahawalpur, see the Bahawalpur (Extension of Laws) Order, 1952 (G.G.O. II of 1952). It was also extended to Khairpur State, see the Khairpur (Federal Laws) (Second Extension) Order, 1953 (G.G.O. XV of 1953). It was extended to the Leased Areas of Baluchistan, see the Leased Areas (Laws) Order, 1950 (G.G.O. III of 1950); applied in the Federated Areas of Baluchistan, see Gazette of India, 1937, Part I, p. 1499. It was also extended to the Baluchistan States Union, see G.G.O. XVIII of 1953.

This Act was amended in its applications to the Province of West Pakistan by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959) (with effect from the 15 August 1959).

It was further amended in its application to the Province of West Pakistan by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 1. 2The word “Indian” was omitted by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read with the Schedule.

3Substituted by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. It was earlier substituted by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223- 283, Article 3 read with the Schedule.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.3

Section 2. Definitions

In this Act, unless there is something repugnant in the subject or context–

1[(1) “assignable deed” means an instrument whereby a person assigns his rights, title, and interest in an immovable property situated in urban or rural areas, to another person by entitling him to reassign or transfer such rights, title and interest in favour of another person or his own name;] 2[(1A)] “banker” includes a bank and any person acting as a banker;

(2) “bill of exchange” means a bill of exchange as defined by the Negotiable Instruments Act, 1881 3, and includes also a hundi, and any other document entitling or purporting to entitle any person, whether named therein or not, to payment by any other person of, or to draw upon any other person for, any sum of money:

(3) “bill of exchange payable on demand” includes–

(a) an order for the payment of any sum of money by a bill of exchange or promissory note, or for the delivery of any bill of exchange or promissory note in satisfaction of any sum of money, or for the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed or happen;

(b) an order for the payment of any sum of money weekly, monthly, or at any other stated periods; and

(c) a letter of credit, that is to say, any instrument by which one person authorizes another to give credit to the person in whose favour it is drawn:

(4) “bill of lading” includes a “through bill of lading,” but does not include a mate‟s receipt:

4[(4A) Board of Revenue” means the Board of Revenue established under the Punjab Board of Revenue Act, 1957 (XI of 1957);]

(5) “bond” includes–

(a) any instrument whereby a person obliges himself to pay money to another, on condition that the obligation shall be void if a specified act is performed, or is not performed, as the case may be;

(b) any instrument attested by a witness and not payable to order or bearer whereby a person obliges himself to pay money to another; and

(c) any instrument so attested, whereby a person obliges himself to deliver grain or other agricultural produce to another:

(6) “chargeable” means, as applied to an instrument executed or first executed after the commencement of this Act, chargeable under this Act, and, as applied to any other instruments chargeable under the law in force in 5[Pakistan] when such instrument was executed or, where several persons executed the instrument at different times, first executed:

1Added by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.2 (b).

2Renumbered by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.2 (a). 3XXVI of 1881.

4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4

5Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

(7) “cheque” means a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand: 1[(8) “Chief Controlling Revenue-authority” means the Senior Member of the Board of Revenue.] 2[(9) “Collector” means the Collector of a District appointed under the Punjab Land Revenue Act, 1967 (XVII of 1967) and includes an officer authorized by the Government to exercise the powers of the Collector;] 3[(9-A) “Commissioner” means a Commissioner of a Division appointed under the Punjab Land Revenue Act, 1967 (XVII of 1967) and includes an Additional Commissioner;]

(10) “conveyance” includes a conveyance on sale and every instrument by which property, whether moveable or immoveable, is transferred inter vivos and which is not otherwise specifically provided for by Schedule I: 4[(11) “duly stamped” means affixation of an adhesive or impressed stamp or e- stamp of not less than the requisite amount and that the stamp has been legally affixed, used or electronically generated;] 5[(11A) “electronic” includes electrical, digital, magnetic, optical, biometric, electrochemical, wireless or electromagnetic technology;] 6[(11B) “e-stamp” means a paper printed or partially printed containing a bar code or having any of its unique identification code and such other information, as may be specified by the rules, to be generated and printed, on deposit of money equivalent to chargeable stamp duty in the account of the Government;]

(12) “executed” and “execution”, used with reference to instruments, mean “signed” and “signature”:

7[(12A) “Government” means Government of the Punjab] 8[(13) “impressed stamp” includes–

(a) the label affixed and impressed by the proper officer;

(b) the stamp embossed or engraved on a stamp paper; and

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4. It was earlier omitted by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

2Substituted by the Punjab Laws (Amendment) Act 2011 (VI of 2011), published in the Punjab Gazette (Extraordinary), dated: 14 April 2011, pp. 4043-4047, s. 5: it came into force on 20 April 2011, vide notification published in the Punjab Gazette (Extraordinary), dated: 16 April 2011, p. 4081. It was earlier substituted by the Stamp (Punjab Amendment) Ordinance, 2001 (XXXIV of 2001), published in the Punjab Gazette (Extraordinary), dated: 1 November 2001, pp. 1763-1764, s. 2: it came into force on 14 August 2001: the said Ordinance was saved under Article 270AA of the Constitution of the Islamic Republic of Pakistan, as substituted by the Constitution (Eighteenth Amendment) Act, 2010 (X of 2010), published in the Gazette of Pakistan (Extraordinary), dated: 20 April 2010, pp. 267-316, s. 96.

3Inserted by the Punjab Laws (Amendment) Act 2011 (VI of 2011), published in the Punjab Gazette (Extraordinary), dated: 14 April 2011, pp. 4043-4047, s. 5: it came into force on 20 April 2011, vide notification published in the Punjab Gazette (Extraordinary), dated: 16 April 2011, p. 4081.

4Substituted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7375-7376, s. 2.

5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4.

6Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7375-7376, s. 2.

7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4. It was earlier omitted by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 4. It was inserted by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

8Substituted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7375-7376, s. 2.

(14) “instrument” includes every document by which any right or liability is, or purports to be, created, transferred, limited, extended, extinguished or recorded 1[and includes any instrument executed in electronic form]:

(15) “instrument of partition” means any instrument whereby co-owners of any property divide or agree to divide such property in severalty, and includes also a final order for effecting a partition passed by any Revenue-authority or any Civil Court and an award by an arbitrator directing a partition:

(16) “lease” means a lease of immoveable property, and includes also–

(a) a patta;

(b) a kabuliyat or other undertaking in writing, not being a counterpart of a lease, to cultivate, occupy or pay or deliver rent for, immoveable property;

(d) any writing on an application for a lease intended to signify that the application is granted:

2[(16A) “marketable security” means a security of such a description asto be capable of being sold in any stock market in 3[Pakistan] or in the United Kingdom:]

(17) “mortgage-deed” includes every instrument whereby, for the purpose of securing money advanced, or to be advanced, by way of loan, or an existing or future debt, or the performance of an engagement, one person transfers, or creates, to or in favour of, another, a right over or in respect of specified property: 4[(17A) “multi-storey” means a building having more than three storeys including basement;]

(18) “paper” includes vellum, parchment or any other material on which an instrument may be written:

(19) “policy of insurance” includes–

(a) any instrument by which one person, in consideration of a premium, engages to indemnify another against loss, damage or liability arising from an unknown or contingent event;

(b) a life-policy, and any policy insuring any person against accident or sickness, and any other personal insurance:

5[*] 6[(c) * * * * * * * * * * * * * * * * * * * * * ]

(20) “policy of sea-insurance” or “sea-policy”–

1Inserted ibid.

2Inserted by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 2.

3Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4.

5The word “and” was repealed by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, pp. 11-12, s. 2. 6Repealed ibid.

(a) means any insurance made upon any ship or vessel (whether for marine or inland navigation), or upon the machinery, tackle or furniture of any ship or vessel, or upon any goods, merchandise or property of any description whatever on board of any ship or vessel, or upon the freight of, or any other interest which may be lawfully insured in or relating to, any ship or vessel, and

(b) includes any insurance of goods, merchandise or property for any transit which includes, not only a sea risk within the meaning of clause (a), but also any other risk incidental to the transit insured from the commencement of the transit to the ultimate destination covered by the insurance: Where any person, in consideration of any sum of money paid or to be paid for additional freight or otherwise, agrees to take upon himself any risk attending goods, merchandise or property of any description whatever while on board of any ship or vessel, or engages to indemnify the owner of any such goods, merchandise or property from any risk, loss or damage, such agreement or engagement shall be deemed to be a contract for sea- insurance:

(21) “power-of-attorney” includes any instrument (not chargeable with a fee under the law relating to Court-fees for the time being in force) empowering a specified person to act for and in the name of the person executing it:

(22) “promissory note” means a promissory note as defined by the Negotiable Instruments Act, 1881 1; it also includes a note promising the payment of any sum of money out of any particular fund which may or may not be available, or upon any condition or contingency which may or may not be performed or happen: 2[(22A) “public office” includes an office of the Government, a local government, a statutory corporation or a similar body set up by the Federal Government or the Government, a commercial or industrial concern whether singly owned or run through partnership having more than twenty employees, a development authority, a private housing scheme or a housing authority, a cooperative housing society, a real estate developer or a real estate broker, a banking company and any other entity whether registered or unregistered under any law for the being in force;

(22-B) “Public Officer” includes an Officer-in-Charge of a Public Office;]

(23) “receipt” includes any note, memorandum or writing–

(a) whereby any money, or any bill of exchange, cheque or promissory note is acknowledged to have been received, or

(b) whereby any other moveable property is acknowledged to have been received in satisfaction of a debt, or

(c) whereby any debt or demand, or any part of a debt or demand, is acknowledged to have been satisfied or discharged, or

(d) which signifies or imports any such acknowledgment, and whether the same is or is not signed with the name of any person: 3[*] 1[(23A) “service charge” means such amount as may be notified by the Finance Department of the Government to be charged from the purchaser by a bank, other than the Bank of Punjab, for issuance of e-Stamp by using online facility;]

1XXVI of 1881.

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4. It was earlier Added by the Stamp (Punjab Amendment) Act, 1973 (XXVI of 1973), published in the Punjab Gazette (Extraordinary), dated: 29 December 1973, pp. 1941-E to 1941-F, s. 2.

3The word “and” was omitted by the Repealing and Amending Act, 1928 (XVIII of 1928), published in the Gazette of India, dated: 29 September 1928, pp. 35-37, s. 2 read with the First Schedule.

(24) “settlement” means any non-testamentary disposition, in writing, of moveable or immoveable property, made–

(a) in consideration of marriage,

(b) for the purpose of distributing property of the settler among his family or those for whom he desires to provide, or for the purpose of providing for some person dependent on him, or

(c) for any religious or charitable purpose: and includes an agreement in writing to make such a disposition 2[and, where any such disposition has not been made in writing, any instrument recording, whether by way of declaration of trust or otherwise, the terms of any such disposition]. 3[and] 4[(25) “soldier” includes any person below the rank of non-commissioned officer who is enrolled under the Indian Army Act, 1911 5 6[or the Pakistan Army Act, 1952 7]. ] 8[(25A) “transferring or attesting authority” includes the principal executive officer of relevant public offices registering the transaction of transfer of right, title or interest in an immoveable property in its record;] 9[(26) “urban area” means an area which is:

(a) a rating area under the Punjab Urban Immovable Property Tax Act, 1958 (V of 1958);

(b) the area already declared as an urban area under the Punjab Finance Act, 2010 (VI of 2010);

(c) any other area which the Board of Revenue may, by notification, declare as an urban area; and 10[(d) an area defined as an urban area in the Punjab Local Government Act, 2019 (XIII of 2019) or an area developed by a development authority, housing authority, statutory body, cooperative housing society or a real estate company or developer.] ]

CHAPTER II

Stamp-duties A.–Of the Liability of Instruments to Duty.

1Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4

2Added by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 2.

3Added by the Repealing and Amending Act, 1928 (XVIII of 1928), published in the Gazette of India, dated: 25 September 1928, pp. 35-37, s. 2 read with the First Schedule.

4Ibid. 5VIII of 1911.

6Added by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

7XXIX of 1952.

8Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4.

9Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

10Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.4

Section 3. Instruments chargeable with duty

Subject to the provisions of this Act and the exemptions contained in Schedule I, the following instruments shall be chargeable with duty of the amount indicated in that schedule as the proper duty therefor respectively, that is to say–

(a) every instrument mentioned in that Schedule which, not having been previously executed by any person, is executed in 1[Pakistan] on or after the first day of July, 1899;

(b) every bill of exchange 2[payable otherwise than on demand], 3[*] or promissory note drawn or made out of 4[Pakistan] on or after that day and accepted or paid, or presented for acceptance or payment, or endorsed, transferred or otherwise negotiated, in 5[Pakistan]; and

(c) every instrument (other than a bill of exchange, 6[*] or promissory note) mentioned in that Schedule, which, not having been previously executed by any person, is executed out of 7[Pakistan] on or after that day, relates to any property situate, or to any matter or thing done or to be done, in 8[Pakistan] and is received in 9[Pakistan]:

Provided that no duty shall be chargeable in respect of–

(1) any instrument executed by, or on behalf of, or in favour of, 10[the Government] ] in cases where, but for this exemption, 11[the Government] would be liable to pay the duty chargeable in respect of such instrument;

1Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

2Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

3The word “cheque” was omitted ibid.

5Ibid. 6The word “cheque” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

7Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

8Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

9Ibid.

10Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. The word “Crown” was earlier

substituted for the word “Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

11Ibid.

(2) any instrument for the sale, transfer or other disposition, either absolutely or by way of mortgage or otherwise, of any ship or vessel, or any part, interest, share or property of or in any ship or vessel registered under the Merchant Shipping Act, 1894, or under Act XIX of 1838 1, or the Indian Registration of Ships Act, 1841 2, as amended by subsequent Acts.

Section 4. Several instruments used in single transaction of sale, mortgage or settlement

3[(1) Where, in the case of any sale, mortgage or settlement, several instruments are employed for completing the transaction, the principal instrument only shall be chargeable with the duty prescribed in Schedule I, for the conveyance, mortgage of settlement, and each of the other instruments shall be chargeable with a duty of 4[five hundred] rupees instead of the duty (if any) prescribed for it in that schedule.]

(2) The parties may determine for themselves which of the instruments so employed shall, for the purposes of sub-section (1), be deemed to be the principal instrument:

Provided that the duty chargeable on the instrument so determined shall be the highest duty which would be chargeable in respect of any of the said instruments employed.

Section 5. Instruments relating to several distinct matters

Any instrument comprising or relating to several distinct matters shall be chargeable with the aggregate amount of the duties with which separate instruments, each comprising or relating to one of such matters, would be chargeable under this Act.

Section 6. Instruments coming within several descriptions in Schedule I

Subject to the provisions of the last preceding section, an instrument so framed as to come within two or more of the descriptions in Schedule I, shall, where the duties chargeable thereunder are different, be chargeable only with the highest of such duties: 5[Provided that nothing contained in this Act shall render chargeable with duty exceeding 6[five hundred] rupees a counterpart or duplicate of any instrument chargeable with duty and in respect of which the proper duty has been paid.]

Section 7. Policies of sea-insurance

(1) No contract for sea-insurance (other than such insurance as is referred to in section 506 of the Merchant Shipping Act, 1894

7) shall be valid unless the same is expressed in a sea-policy.

(2) No sea-policy made for time shall be made for any time exceeding twelve months.

(3) No sea-policy shall be valid unless it specifies the particular risk or adventure, or the time, for which it is made, the names of the subscribers or underwriters, and the amount or amounts insured.

(4) Where any sea-insurance is made for or upon a voyage and also for time, or to extend to or cover any time beyond thirty days after the ship shall have arrived at her

1The Bombay Coasting Vessels Act, 1838. 2X of 1841.

3Substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 2.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.5.

5Substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 3.

6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.6.

757 & 58 Vict., C. 60.

destination and been there moored at anchor, the policy shall be charged with duty as a policy for or upon a voyage, and also with duty as a policy for time.

Section 8. Bonds, debentures or other securities issued on loans under Act XI, 1879

(1) Notwithstanding anything in this Act, any local authority raising a loan under the provisions of the Local Authorities Loan Act, 1879 1, or of any other law for the time being in force, by the issue of bonds, debentures or other securities, shall, in respect of such loan, be chargeable with a duty of 2[one per centum] on the total amount of the bonds, debentures or other securities issued by it, and such bonds, debentures or other securities need not be stamped and shall not be chargeable with any further duty on renewal, consolidation, sub-division or otherwise.

(2) The provisions of sub-section (1) exempting certain bonds, debentures or other securities from being stamped and from being chargeable with certain further duty shall apply to the bonds, debentures or other securities of all outstanding loans of the kind mentioned therein, and all such bonds, debentures or other securities shall be valid, whether the same are stamped or not:

Provided that nothing herein contained shall exempt the local authority which has issued such bonds, debentures or other securities from the duty chargeable in respect thereof prior to the twenty-sixth day of March, 1897, when such duty has not already been paid or remitted by order issued by the 3[ 4[Federal] Government].

(3) In the case of wilful neglect to pay the duty required by this section, the local authority shall be liable to forfeit to the 5[Government] a sum equal to ten per centum upon the amount of duty payable, and a like penalty for every month after the first month during which the neglect continues.

Section 9. Power to reduce, remit or compound duties

6[The 7[Government] ] may, by rule or order published in the 8[Official Gazette],–

(a) reduce or remit, whether prospectively or retrospectively, in the whole or any part of 9[the territories under its administration], the duties with which any instruments or any particular class of instruments, or any of the instruments belonging to such class, or any instruments when executed by or in favour of any particular class of persons, or by or in favour of any members of such class, are chargeable, and

1XI of 1879.

2Substituted for the words “eight annas per centum” by the Indian Stamp (Amendment) Act, 1910 (VI of 1910), published in the Government Gazette, Punjab and its Dependencies, dated: 18 March 1910, pp. 25-27, s. 2.

3Substituted for the words “Governor General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations.

4Substituted for the word “Central” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No. 1 of 1974), published in the Punjab Gazette (Extraordinary), dated: 20 November 1974, pp. 1425-A to 1425-PP, Article 2 read with the Schedule: it came into force on 14 August 1973.

5Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier substituted for the word “Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 6.

6Substituted for the words “the Governor-General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “Collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 3.

8Substituted for the words “Gazette of India” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations.

9Ibid., for the words “British India”, Article 3 read with the First Schedule.

(b) provide for the composition or consolidation of duties in the case of issues by any incorporated company or other body corporate of debentures, bonds or other marketable securities.

[1] Section 9A. Power of 2[Government] to exempt certain instruments

The 3[Government] may by 4[notification in] the official Gazette, generally exempt from payment of the whole or any part of the duties on any instrument executed by or in favour of a banking company in the normal course of its banking business. Explanation.– For the purpose of this Section, “Banking Company” shall have the same meaning as in the Banking Tribunals Ordinance, 1984 (Ordinance No. LVIII of 1984).] B.–Of Stamps and the mode of using them.

Section 10. Duties how to be paid

(1) Except as otherwise expressly provided in this Act, all duties with which any instruments are chargeable shall be paid, and such payment shall be indicated on such instruments, by means of stamps 5[or e-stamps]–

(a) according to the provisions herein contained; or,

(b) when no such provision is applicable thereto as the 6[Government] may by rules direct.

(2) The rules made under sub-section (1) may, among other matters, regulate,–

(a) in the case of each kind of instrument–the description of stamps 7[or e- stamps] which may be used;

(b) in the case of instruments stamped with impressed stamps–the number of stamps which may be used;

(c) in the case of bills of exchange or promissory notes written in any Oriental language–the size of the paper on which they are written.

Section 11. Use of adhesive stamps

The following instruments may be stamped with adhesive stamps, namely:–

(a) instruments chargeable with 8[a duty not exceeding 1[one hundred rupees] ], except parts of bills of exchange payable otherwise than on demand and drawn in sets;

1Inserted by the Punjab Stamp (Amendment) Ordinance, 1984 (XXXVII of 1984), published in the Punjab Gazette (Extraordinary), dated: 31 December 1984, pp. 3017-3018, s. 2.

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2.

4Added by the corrigendum published in the Punjab Gazette (Extraordinary), dated: 31 December 1984, pp. 3029.

5Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7375-7376, s. 3.

6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 3. The words “collecting Government” were earlier substituted for the words “Governor-General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

7Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7375-7376, s. 3.

8Substituted for the words “the duty of one anna [or half an anna]” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 4. The words “or half an anna” were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, pp. 11-12, s. 3.

(b) bills of exchange, 2[*] and promissory notes drawn or made out of 3[Pakistan];

(d) notarial acts; and

(e) transfers by endorsement of shares in any incorporated company or other body corporate.

Section 12. Cancellation of adhesive stamps

(1) (a) Whoever affixes any adhesive stamp to any instrument chargeable with duty which has been executed by any person shall, when affixing such stamp, cancel the same so that it cannot be used again; and

(b) whoever executes any instrument on any paper bearing an adhesive stamp shall, at the time of execution, unless such stamp has been already cancelled in manner aforesaid, cancel the same so that it cannot be used again.

(2) Any instrument bearing an adhesive stamp which has not been cancelled so that it cannot be used again, shall, so far as such stamp is concerned, be deemed to be unstamped.

(3) The person required by sub-section (1) to cancel an adhesive stamp may cancel it by writing on or across the stamp his name or initials or the name or initials of his firm with the true date of his so writing, or in any other effectual manner.

Section 13. Instruments stamped with impressed stamps how to be written

Every instrument written upon paper stamped with an impressed stamp shall be written in such manner that the stamp may appear on the face of the instrument and cannot be used for or applied to any other instrument.

Section 14. Only one instrument to be on same stamp

No second instrument chargeable with duty shall be written upon a piece of stamped paper upon which an instrument chargeable with duty has already been written:

Provided that nothing in this section shall prevent any endorsement which is duly stamped or is not chargeable with duty being made upon any instrument for the purpose of transferring any right created or evidenced thereby, or of acknowledging the receipt of any money or goods the payment or delivery of which is secured thereby.

Section 15. Instrument written contrary to section 13 or 14 deemed unstamped

Every instrument written in contravention of section 13 or section 14 shall be deemed to be unstamped.

Section 16. Denoting duty

Where the duty with which an instrument is chargeable, or its exemption from duty, depends in any manner upon the duty actually paid in respect of another instrument, the payment of such last-mentioned duty shall, if application is made in writing to the Collector for that purpose, and on production of both the instruments, be denoted upon such first-mentioned instrument by endorsement under the hand of the Collector or in such other manner (if any) as the 4[Government] may by rule prescribe.

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.7.

2The word “cheques” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August

C.–Of the time of stamping Instruments.

Section 17. Instruments executed in 1[Pakistan]

All instruments chargeable with duty and executed by any person in 2[Pakistan] shall be stamped before or at the time of execution.

Section 18. Instruments other than bills, 3[*] and notes executed out of 4[Pakistan]

(1) Every instrument chargeable with duty executed only out of 5[Pakistan], and not being a bill of exchange, 6[*] or promissory note, may be stamped within three months after it has been first received in 7[Pakistan].

(2) Where any such instrument cannot, with reference to the description of stamp prescribed therefor, be duly stamped by a private person, it may be taken within the said period of three months to the Collector, who shall stamp the same, in such manner as the 8[Government] may by rule prescribe, with a stamp of such value as the person so taking such instrument may require and pay for.

Section 19. Bills, 9[*] and notes drawn out of 10[Pakistan]

The first holder in 1[Pakistan] of any bill of exchange 2[payable otherwise than on demand], 3[*] or promissory note drawn or made

1959, pp. 753-754, s. 3. The words “collecting Government” were earlier substituted for the words “Governor-General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

2Ibid. 3The word “cheques” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

1955. They were earlier

substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read with Article 4.

They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read with Article 4. 6The word “cheque” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

8Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 3. The words “collecting Government” were earlier substituted for the words “Governor-General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

9The word “cheques” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

10Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.

out of 4[Pakistan] shall, before he presents the same for acceptance or payment, or endorses, transfers or otherwise negotiates the same in 5[Pakistan], affix thereto the proper stamp and cancel the same:

Provided that,–

(a) if, at the time any such bill of exchange, 6[*] or note comes into the hands of any holder thereof in 7[Pakistan], the proper adhesive stamp is affixed thereto and cancelled in manner prescribed by section 12 and such holder has no reason to believe that such stamp was affixed or cancelled otherwise than by the person and at the time required by this Act, such stamp shall, so far as relates to such holder, be deemed to have been duly affixed and cancelled.

(b) Nothing contained in this proviso shall relieve any person from any penalty incurred by him for omitting to affix or cancel a stamp. D.–Of Valuations for duty.

Section 20. Conversion of amount expressed in foreign currencies

(1) Where an instrument is chargeable with ad valorem duty in respect of any money expressed in any currency other than that of 8[Pakistan], such duty shall be calculated on the value of such money in the currency of 9[Pakistan] according to the current rate of exchange on the day of the date of the instrument.

(2) The 10[ 11[Federal] Government] may, from time to time, by notification in the 12[Official Gazette], prescribe a rate of exchange for the conversion of British or any foreign

1Ibid.

2Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

3The word “cheque” was omitted ibid.

4Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949,

pp. 223-283, Article 3 read with Article 4.

8Ibid.

9Ibid.

10Substituted for the words “Governor General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations.

11Substituted for the word “Central” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette (Extraordinary), dated: 20 November 1974, pp. 1425-A to 1425-PP, Article 2 read with the Schedule: it came into force on 14 August 1973.

12Substituted for the words “Gazette of India” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations.

currency into the currency of 1[Pakistan] for the purposes of calculating stamp-duty, and such rate shall be deemed to be the current rate for the purposes of sub-section (1).

Section 21. Stock and marketable securities how to be valued

Where an instrument is chargeable with ad valorem duty in respect of any stock or of any marketable or other security, such duty shall be calculated on the value of such stock or security according to the average price or the value thereof on the day of the date of the instrument.

Section 22. Effect of statement of rate of exchange or average price

Where an instrument contains a statement of current rate of exchange, or average price, as the case may require, and is stamped in accordance with such statement, it shall, so far as regards the subject- matter of such statement, be presumed, until the contrary is proved, to be duly stamped.

Section 23. Instruments reserving interest

Where interest is expressly made payable by the terms of an instrument, such instrument shall not be chargeable with duty higher than that with which it would have been chargeable had no mention of interest been made therein.

[2] Section 23A. Certain instruments connected with mortgages of marketable securities to be chargeable as agreements

(1) Where an instrument (not being a promissory note or bill of exchange)–

(a) is given upon the occasion of the deposit of any marketable security by way of security for money advanced or to be advanced by way of loan, or for an existing or future debt; or

(b) makes redeemable or qualifies a duly stamped transfer, intended as a security, of any marketable security;

it shall be chargeable with duty as if it were an agreement or memorandum of an agreement chargeable with duty under 3[Article No. 5 (c)] of Schedule I.

(2) A release or discharge of any such instrument shall only be chargeable with the like duty.]

Section 24. How transfer in consideration of debt, or subject to future payment, etc., to be charged

Where any property is transferred to any person in consideration, wholly or in part, of any debt due to him, or subject either certainly or contingently to the payment or transfer of any money or stock, whether being or constituting a charge or encumbrance upon the property or not, such debt, money or stock is to be deemed the whole or part, as the case may be, of the consideration in respect whereof the transfer is chargeable with ad valorem duty:

Provided that nothing in this section shall apply to any such certificate of sale as is mentioned in Article No. 18 of Schedule I. Explanation.– In the case of a sale of property subject to a mortgage or other encumbrance, any unpaid mortgage-money or money charged, together with the interest (if any) due on the same, shall be deemed to be part of the consideration for the sale:

2Added by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 3.

3Substituted for the expression “Article No. 5(b)” by the Indian Stamp (Amendment) Act, 1912 (I of 1912), published in the Gazette of India, dated: 9 March 1912, p.1, s.3.

Provided that, where property subject to a mortgage is transferred to the mortgagee, he shall be entitled to deduct from the duty payable on the transfer the amount of any duty already paid in respect of the mortgage. Illustrations

(1) A owes B Rs. 1,000. A sells a property to B, the consideration being Rs.500 and the release of the previous debt of Rs.1,000 Stamp-duty is payable on Rs.1,500.

(2) A sells a property to B for Rs.500 which is subject to a mortgage to C for Rs.1,000, and unpaid interest Rs. 200. Stamp-duty is payable on Rs.1,700.

(3) A mortgages a house of the value of Rs.10,000 to B for Rs. 5,000. B afterwards buys the house from A. Stamp-duty is payable on Rs.10,000 less the amount of stamp-duty already paid for the mortgage.

Section 25. Valuation in case of annuity, etc

Where an instrument is executed to secure the payment of an annuity or other sum payable periodically, or where the consideration for a conveyance is an annuity or other sum payable periodically, the amount secured by such instrument or the consideration for such conveyance, as the case may be, shall, for the purposes of this Act, be deemed to be,–

(a) where the sum is payable for a definite period so that the total amount to be paid can be previously ascertained–such total amount;

(b) where the sum is payable in perpetuity or for an indefinite time not terminable with any life in being at the date of such instrument or conveyance–the total amount which, according to the terms of such instrument or conveyance, will or may be payable during the period of twenty years calculated from the date on which the first payment becomes due; and

(c) where the sum is payable for an indefinite time terminable with any life in being at the date of such instrument or conveyance–the maximum amount which will or may be payable as aforesaid during the period of twelve years calculated from the date on which the first payment becomes due.

Section 26. Stamp where value of subject-matter is indeterminate

Where the amount or value of the subject-matter of any instrument chargeable with ad valorem duty cannot be, or (in the case of an instrument executed before the commencement of this Act) could not have been, ascertained at the date of its execution or first execution, nothing shall be claimable under such instrument more than the highest amount or value for which, if stated in an instrument of the same description, the stamp actually used would, at the date of such execution, have been sufficient:

1[Provided that, in the case of the lease of a mine in which royalty or a share of the produce is received as the rent or part of the rent, it shall be sufficient to have estimated such royalty or the value of such share, for the purpose of stamp-duty,–

(a) when the lease has been granted by or on behalf of 2[Government], at such amount or value as the Collector may, having regard to all the circumstances of the case, have estimated as likely to be payable by way of royalty or share to 3[Government] under the lease, or,

1Substituted by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 4.

2Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. They were earlier substituted for the words “the Secretary of State in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

3Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. They were earlier substituted for the words “the said Secretary of State in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

(b) when the lease has been granted by any other person, at twenty thousand rupees a year;

and the whole amount of such royalty or share, whatever it may be, shall be claimable under such lease.]

Provided also that, where proceedings have been taken in respect of an instrument under section 31 or 41, the amount certified by the Collector shall be deemed to be the stamp actually used at the date of execution.

Section 27. Facts affecting duty to be set forth in instrument

The consideration (if any) and all other facts and circumstances affecting the chargeability of any instrument with duty, or the amount of the duty with which it is chargeable, shall be fully and truly set forth therein.

[1] Section 27A. Value of immovable property

(1) Where any instrument chargeable with ad valorem duty under 2[Articles 3[11-AA,] 4[23, 27-A, 31, 33, 35 (1)(b), 48 (b), 48 (bb), 55(b), 63 and 63-A] ] of Schedule I, relates to an immovable property, the value of the immovable property shall be calculated according to the valuation table notified by the District Collector in respect of immovable property situated in the locality. 5[(2) Where an instrument mentioned in subsection (1) relates to an immovable property consisting of land and structure including a multi-storey building, such instrument shall state the value of the land and structure separately, and stamp duty on the structure shall be calculated as per the covered area or the area of the structure mentioned in the instrument whichever is higher, and in case there is no approved building plan, two percent duty of the value of land in addition to payable duty shall be charged.]

(3) Where the value of immovable property stated in an instrument to which sub- section (1) applies is more than the value fixed according to the valuation table, the value declared in the instrument shall be accepted as value for the purposes of stamp duty. 6[(4) Any person aggrieved by the value given in the valuation table notified under sub-section (1), may, within thirty days from the date of issuance of such notification, file appeal before the Commissioner who shall decide it within fifteen days from the date of its filing. However, no review shall be entertained by the District Collector against the valuation table notified under sub-section (1).]

Section 28. Direction as to duty in case of certain conveyances

(1) Where any property has been contracted to be sold for one consideration for the whole, and is conveyed to the purchaser in separate parts by different instruments, the consideration shall be apportioned in such manner as the parties think fit, provided that a distinct consideration for each

1Substituted by the Punjab Finance Act 2010 (VI of 2010), published in the Punjab Gazette (Extraordinary), dated: 28 June 2010, pp. 3145-3150, s. 2: it came into force on 1 July 2010. It was earlier added by the Punjab Finance Act, 1986 (IV of 1986), published in the Punjab Gazette (Extraordinary), dated: 14 June 1986, pp. 1307-1309, s. 2.

2Substituted for the expression “Articles 23, 27-A, 31, 33 or 63” by the Punjab Finance Act 2016 (XXXV of 2016), published in the Punjab Gazette (Extraordinary), dated: 29 June 2016, pp. 6083-6092, s. 2: it came into force on 1 July 2016. The said expression was earlier substituted for the expression “Articles 23, 27-A, 31 or 33” by the Punjab Finance Act 2015 (XXIX of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7361-7368, s. 2: it came into force on 1 July

2015. The said expression was earlier substituted for the expression “Articles 23, 31 or 33” by the Punjab Finance Act 2012 (XLI of 2012), published in the Punjab Gazette (Extraordinary), dated: 25 June 2012, pp. 41719-41724: it came into force on 1 July 2012.

3Inserted by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.3.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.8.

5Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.8.

6Substituted by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 May 2025, p,4767 s.2.

separate part is set forth in the conveyance relating thereto, and such conveyance shall be chargeable with ad valorem duty in respect of such distinct consideration.

(2) Where property contracted to be purchased for one consideration for the whole, by two or more persons jointly, or by any person for himself and others, or wholly for others, is conveyed in parts by separate instruments to the persons by or for whom the same was purchased, for distinct parts of the consideration, the conveyance of each separate part shall be chargeable with ad valorem duty in respect of the distinct part of the consideration therein specified.

(3) Where a person, having contracted for the purchase of any property but not having obtained a conveyance thereof, contracts to sell the same to any other person and the property is in consequence conveyed immediately to the sub-purchaser, the conveyance shall be chargeable with ad valorem duty in respect of the consideration for the sale by the original purchaser to the sub-purchaser.

(4) Where a person, having contracted for the purchase of any property but not having obtained a conveyance thereof, contracts to sell the whole, or any part thereof, to any other person or persons and the property is in consequence conveyed by the original seller to different persons in parts, the conveyance of each part sold to a sub-purchaser shall be chargeable with ad valorem duty in respect only of the consideration paid by such sub- purchaser, without regard to the amount or value of the original consideration; and the conveyance of the residue (if any) of such property to the original purchaser shall be chargeable with ad valorem duty in respect only of the excess of the original consideration over the aggregate of the considerations paid by the sub-purchasers 1[.] 2[* * * * *].

(5) Where a sub-purchaser takes an actual conveyance of the interest of the person immediately selling to him, which is chargeable with ad valorem duty in respect of the consideration paid by him and is duly stamped accordingly, any conveyance to be afterwards made to him of the same property by the original seller shall be chargeable with a duty equal to that which would be chargeable on a conveyance for the consideration obtained by such original seller, or, where such duty would exceed 3[five hundred] rupees, with a duty of 4[five hundred] rupees. E.–Duty by whom payable.

Section 29. Duties by whom payable

In the absence of an agreement to the contrary, the expense of providing the proper stamp shall be borne–

(a) in the case of any instrument described in any of the following Articles of Schedule I, namely:–

No. 2. (Administration Bond), 5[No. 6. (Agreement relating to Deposit of Title-deeds, Pawn or Pledge],

No. 13. (Bill of Exchange),

No. 15. (Bond),

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.9.

2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.9.

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.9.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.9.

5Substituted for the expression “No. 6. (Agreement to mortgage)” by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 5.

No. 16. (Bottomry Bond),

No. 26. (Customs Bond),

No. 27. (Debenture),

No. 32. (Further Charge),

No. 34. (Indemnity-Bond),

No. 40. (Mortgage-Deed),

No. 49. (Promissory-Note),

No. 55. (Release),

No. 56. (Respondentia Bond),

No. 57. (Security Bond or Mortgage-Deed),

No. 58. (Settlement),

No. 62(a) (Transfer of shares in an incorporated company or other body corporate),

No. 62(b) Transfer of Debentures, being marketable securities whether the debenture is liable to duty or not, except debentures provided for by section 8,

No. 62(c) Transfer of any interest secured by a bond, mortgage-deed or policy of insurance,– by the person drawing, making or executing such instrument: 1[(b) in the case of a policy of insurance other than fire-insurance–by the person effecting the insurance;

(bb) in the case of a policy of fire-insurance–by the person issuing the policy;]

(c) in the case of a conveyance (including a re-conveyance of mortgaged property)–by the grantee 2[and grantor in equal shares]: in the case of a lease or agreement to lease–by the lessee or intended lessee:

(d) in the case of a counterpart of a lease–by the lessor:

(e) in the case of an instrument of exchange–by the parties in equal shares:

(f) in the case of a certificate of sale–by the purchaser of the property to which such certificate relates;

3[*]

(g) in the case of an instrument of partition–by the parties thereto in proportion to their respective shares in the whole property partitioned, or, when the partition is made in execution of an order passed by a Revenue-authority or Civil Court or arbitrator, in such proportion as such authority, Court or arbitrator directs 4[;] 5[(h) in the case of a contract chargeable with stamp duty under Article 22-A of Schedule I, the stamp duty shall be payable by the contractor in whose favour the instrument is executed;

(i) in the case of a decree, rule of a court or an order of a court chargeable with stamp duty under Article 27-A of Schedule I, the stamp duty shall be paid by the beneficiary of the decree, rule or order;

1Substituted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906,

pp. 11-12, s. 4.

2Inserted by the Punjab Finance Act, 1992 (VI of 1992), published in the Punjab Gazette (Extraordinary), dated: 29 June 1992,

pp. 2959-C to 2959-F, s. 2: it came into force on 1 July 1992. 3The word “and” was omitted by the Punjab Finance Act 2016 (XXXV of 2016), published in the Punjab Gazette (Extraordinary), dated: 29 June 2016, pp. 6083-6092, s. 2: it came into force on 1 July 2016.

4Substituted ibid. for the “full stop”.

5Inserted ibid.

(j) in the case of a gift chargeable with stamp duty under Article 33 of Schedule I, the stamp duty shall be paid by the person in whose favour the instrument is executed; and

(k) in the case of transfer of right or interest relating to an immovable property chargeable with stamp duty under Article 63-A of Schedule I, the stamp duty shall be paid by the person in whose favour the transfer of the right or interest relating to an immovable property is made.]

Section 30. Obligation to give receipt in certain cases

Any person receiving any money exceeding twenty rupees in amount, or any bill of exchange, cheque or promissory note for an amount exceeding twenty rupees, or receiving in satisfaction or part satisfaction of a debt any movable property exceeding twenty rupees in value, shall, on demand by the person paying or delivering such money, bill, cheque, note or property, give a duly stamped receipt for the same. 1[Any person receiving or taking credit for any premium or consideration for any renewal of any contract of fire-insurance, shall, within one month after receiving or taking credit for such premium or consideration, give a duly stamped receipt for the same.]

CHAPTER III

Adjudication as to Stamps

Section 31. Adjudication as to proper stamp

2[(1) When any instrument, whether executed or not and whether previously stamped or not is brought to the Collector, and the person bringing the instrument applies to have the opinion of the Collector as to the duty, if any, with which it is chargeable, and pays a fee of one thousand rupees, the Collector shall determine the duty, if any, with which in his judgment the instrument is chargeable.]

(2) For this purpose the Collector may require to be furnished with an abstract of the instrument, and also with such affidavit or other evidence as he may deem necessary to prove that all the facts and circumstances affecting the chargeability of the instrument with duty, or the amount of the duty with which it is chargeable, are fully and truly set forth therein, and may refuse to proceed upon any such application until such abstract and evidence have been furnished accordingly:

Provided that–

(a) no evidence furnished in pursuance of this section shall be used against any person in any civil proceeding, except in an enquiry as to the duty with which the instrument to which it relates is chargeable; and

(b) every person by whom any such evidence is furnished, shall, on payment of the full duty with which the instrument to which it relates, is chargeable, be relieved from any penalty which he may have incurred under this Act by reason of the omission to state truly in such instrument any of the facts or circumstances aforesaid.

Section 32. Certificate by Collector

(1) When an instrument brought to the Collector under section 31 is, in his opinion, one of a description chargeable with duty, and–

(a) the Collector determines that it is already fully stamped, or

(b) the duty determined by the Collector under section 31, or such a sum as, with the duty already paid in respect of the instrument, is equal to the duty so determined, has been paid,

1Added by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, pp.

11-12, s. 5.

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.10.

the Collector shall certify by endorsement on such instrument that the full duty (stating the amount) with which it is chargeable has been paid.

(2) When such instrument is, in his opinion, not chargeable with duty, the Collector shall certify in manner aforesaid that such instrument is not so chargeable.

(3) Any instrument upon which an endorsement has been made under this section, shall be deemed to be duly stamped or not chargeable with duty, as the case may be; and, if chargeable with duty, shall be receivable in evidence or otherwise, and may be acted upon and registered as if it had been originally duly stamped:

Provided that nothing in this section shall authorize the Collector to endorse–

(a) any instrument executed or first executed in 1[Pakistan] and brought to him after the expiration of one month from the date of its execution or first execution, as the case may be;

(b) any instrument executed or first executed out of 2[Pakistan] and brought to him after the expiration of three months after it has been first received in 3[Pakistan]; or

(c) any instrument chargeable with 4[a duty not exceeding 5[five hundred rupees] ], or any bill of exchange or promissory note, when brought to him, after the drawing or execution thereof, on paper not duly stamped.

[6] Section 32A. Certificate of designated officer

An officer designated by the Government shall, by notification in the official Gazette, issue a certificate as to genuineness or otherwise of an e-stamp for the purpose of evidence in a legal proceedings.]

CHAPTER IV

Instruments not duly Stamped

Section 33. Examination and impounding of instruments

(1) Every person having by law or consent of parties authority to receive evidence, and every person in charge of a public office, except an officer of police, before whom any instrument, chargeable, in his opinion, with duty, is produced or comes in the performance of his functions, shall, if it appears to him that such instrument is not duly stamped, impound the same.

(2) For that purpose every such person shall examine every instrument so chargeable and so produced or coming before him, in order to ascertain whether it is

2Ibid.

3Ibid.

4Substituted for the words “the duty of one anna [or half an anna]” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 6. The words “or half an anna” were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, pp. 11-12, s. 3.

5Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.11.

6Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7375-7376, s. 4.

stamped with a stamp of the value and description required by the law in force in 1[Pakistan] when such instrument was executed or first executed:

Provided that–

(a) nothing herein contained shall be deemed to require any Magistrate or Judge of a Criminal Court to examine or impound, if he does not think fit so to do, any instrument coming before him in the course of any proceeding other than a proceeding under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 1898 2;

(b) in the case of a Judge of a High Court, the duty of examining and impounding any instrument under this section may be delegated to such officer as the Court appoints in this behalf.

(3) For the purposes of this section, in cases of doubt,–

(a) 3[the 4[Government] ] may determine what offices shall be deemed to be public offices, and

(b) 5[the 6[Government] ] may determine who shall be deemed to be persons in charge of public offices.

Section 34. Special provision as to unstamped receipts

Where any receipt chargeable with a duty 7[not exceeding 8[fifty rupees] is tendered to or produced before any officer unstamped in the course of the audit of any public account, such officer may in his discretion, instead of impounding the instrument, require a duly stamped receipt to be substituted therefor.

Section 35. Instruments not duly stamped inadmissible in evidence, etc

No instrument chargeable with duty shall be admitted in evidence for any purpose by any person having by law or consent of parties authority to receive evidence, or shall be acted upon, registered or authenticated by any such person or by any public officer, unless such instrument is duly stamped:

Provided that–

(a) any such instrument not being an instrument chargeable with a duty 9[not exceeding 1[fifty rupees] ] only, or a bill of exchange or promissory note, shall,

3Substituted for the words “the Governor-General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “Collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 3.

5Substituted for the words “the Local Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

7Substituted for the words “of one anna” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 7.

8Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.12.

9Substituted for the words “of one anna [or half an anna]”, by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 8. The words “or half an anna” were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, pp. 11-12, s. 3.

subject to all just exceptions, be admitted in evidence on payment of the duty with which the same is chargeable, or, in the case of an instrument insufficiently stamped, of the amount required to make up such duty, together with a penalty of 2[five hundred rupees], or, when ten times the amount of the proper duty or deficient portion thereof exceeds 3[five hundred rupees], of a sum equal to ten times such duty or portion;

(b) where any person from whom a stamped receipt could have been demanded, has given an unstamped receipt and such receipt, if stamped, would be admissible in evidence against him, then such receipt shall be admitted in evidence against him on payment of a penalty of one rupee by the person tendering it;

(c) where a contract or agreement of any kind is effected by correspondence consisting of two or more letters and any one of the letters bears the proper stamp, the contract or agreement shall be deemed to be duly stamped;

(d) nothing herein contained shall prevent the admission of any instrument in evidence in any proceeding in a Criminal Court, other than a proceeding under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 1898 4;

(e) nothing herein contained shall prevent the admission of any instrument in any Court when such instrument has been executed by or on behalf of 5[the Government], or where it bears the certificate of the Collector as provided by section 32 or any other provision of this Act.

Section 36. Admission of instrument where not to be questioned

Where an instrument has been admitted in evidence, such admission shall not, except as provided in section 61, be called in question at any stage of the same suit or proceeding on the ground that the instrument has not been duly stamped.

Section 37. Admission of improperly stamped instruments

6[The 7[Government] ]may make rules providing that, where an instrument bears a stamp of sufficient amount but of improper description, it may, on payment of the duty with which the same is chargeable, be certified to be duly stamped, and any instrument so certified shall then be deemed to have been duly stamped as from the date of its execution.

Section 38. Instruments impounded how dealt with

(1) When the person impounding an instrument under section 33 has by law or consent of parties authority to receive evidence and admits such instrument in evidence upon payment of a penalty as provided by section 35 or of duty as provided by section 37, he shall send to the Collector an authenticated copy

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.13.

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.13.

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.13.

4V of 1898.

5Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. They were earlier substituted for the words “the Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

of such instrument, together with a certificate in writing, stating the amount of duty and penalty levied in respect thereof, and shall send such amount to the Collector, or to such person as he may appoint in this behalf.

(2) In every other case, the person so impounding an instrument shall send it in original to the Collector.

Section 39. Collector’s power to refund penalty paid under section 38, sub-section (1)

(1) When a copy of an instrument is sent to the Collector under section 38, sub-section (1), he may, if he thinks fit, 1[* * * * * *], refund any portion of the penalty in excess of 2[five hundred] rupees which has been paid in respect of such instrument.

(2) When such instrument has been impounded only because it has been written in contravention of section 13 or section 14, the Collector may refund the whole penalty so

paid.

Section 40. Collector’s power to stamp instruments impounded

3[(1) When the Collector impounds any instrument under section 33, or receives any instruments sent to him under subsection (2) of section 38, he shall adopt the following procedure:

(a) if he is of the opinion that the instrument is duly stamped or is not chargeable with duty, he shall certify by endorsement thereon that it is duly stamped, or that it is not so chargeable, as the case may be;

(b) if he is of the opinion that such instrument is chargeable with duty and is not duly stamped, he shall require the payment of the proper duty or the amount required to make up the same, together with a penalty of maximum ten times the amount of the proper duty or the deficient amount thereof but not less than two times of the amount due:

provided that when such instrument has been impounded only because it has been written in contravention of section 13 or section 14, the Collector may, if he thinks fit, remit the whole penalty provided under this section:

provided further that in case of any purported transfer of right, title or interest in an immoveable property effected by a relevant public office in its record under an instrument which is not registered under the Registration Act, 1908 (XVII of 1908), such instrument shall be chargeable with duty which shall be ten times the amount of the deficient duty.]

(2) Every certificate under clause (a) of sub-section (1) shall, for the purposes of this Act, be conclusive evidence of the matters stated therein.

(3) Where an instrument has been sent to the Collector under section 38, sub- section (2), the Collector shall, when he has dealt with it as provided by this section, return it to the impounding officer.

Section 41. Instruments unduly stamped by accident

If any instrument chargeable with duty and not duly stamped, not being an instrument chargeable with a duty of 4[not exceeding

1The expression “upon application made to him in this behalf or, if no application is made, with the consent of the Chief Controlling Revenue-authority” was omitted by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21-32, s. 2 read with the Schedule.

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.14.

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.15.

4Substituted for the words “of one anna [or half an anna]” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 8. The words “or half an anna” were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, pp. 11-12, s. 3.

1[fifty rupees] ] only or a bill of exchange or promissory note, is produced by any person of his own motion before the Collector within one year from the date of its execution or first execution, and such person brings to the notice of the Collector the fact that such instrument is not duly stamped and offers to pay to the Collector the amount of the proper duty, or the amount required to make up the same, and the Collector is satisfied that the omission to duly stamp such instrument has been occasioned by accident, mistake or urgent necessity, he may, instead of proceeding under sections 33 and 40, receive such amount and proceed as next hereinafter prescribed.

Section 42. Endorsement of instruments on which duty has been paid under sections 35, 40 or 41

(1) When the duty and penalty (if any) leviable in respect of any instrument have been paid under section 35, section 40 or section 41, the person admitting such instrument in evidence or the Collector, as the case may be, shall certify by endorsement thereon that the proper duty or, as the case may be, the proper duty and penalty (stating the amount of each) have been levied in respect thereof, and the name and residence of the person paying them.

(2) Every instrument so endorsed shall thereupon be admissible in evidence, and may be registered and acted upon and authenticated as if it had been duly stamped, and shall be delivered on his application in this behalf to the person from whose possession it came into the hands of the officer impounding it, or as such person may direct:

Provided that–

(a) no instrument which has been admitted in evidence upon payment of duty and a penalty under section 35, shall be so delivered before the expiration of one month from the date of such impounding, or if the Collector has certified that its further detention is necessary and has not cancelled such certificate:

(b) nothing in this section shall affect the Code of Civil Procedure 2, section 144, clause 3.

Section 43. Prosecution for offence against Stamp-law

The taking of proceedings or the payment of a penalty under this Chapter in respect of any instrument shall not bar the prosecution of any person who appears to have committed an offence against the Stamp- law in respect of such instrument:

Provided that no such prosecution shall be instituted in the case of any instrument in respect of which such a penalty has been paid, unless it appears to the Collector that the offence was committed with an intention of evading payment of the proper duty.

Section 44. Persons paying duty or penalty may recover same in certain cases

(1) When any duty or penalty has been paid under section 35, section 37, section 40 or section 41, by any person in respect of an instrument, and, by agreement or under the provisions of section 29 or any other enactment in force at the time such instrument was executed, some other person was bound to bear the expense of providing the proper stamp for such instrument, the first-mentioned person shall be entitled to recover from such other person the amount of the duty or penalty so paid.

(2) For the purpose of such recovery any certificate granted in respect of such instrument under this Act shall be conclusive evidence of the matters therein certified.

(3) Such amount may, if the Court thinks fit, be included in any order as to costs in any suit or proceeding to which such persons are parties and in which such instrument has been tendered in evidence. If the Court does not include the amount in such order, no further proceedings for the recovery of the amount shall be maintainable.

Section 45. Power to Revenue Authority to refund penalty or excess duty in certain cases

(1) Where any penalty is paid under section 35 or section 40, the 1[Chief Revenue Authority]

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.16.

2XIV of 1884. Now the Code of Civil Procedure, 1908 (V of 1908).

may, upon application in writing made within one year from the date of the payment, refund such penalty wholly or in part.

(2) Where, in the opinion of the 2[Chief Revenue Authority], stamp-duty in excess of that which is legally chargeable has been charged and paid under section 35 or section 40, such authority may, upon application in writing made within three months of the order charging the same, refund the excess.

Section 46. Non-liability for loss of instruments sent under section 38

(1) If any instrument sent to the Collector under section 38, sub-section (2), is lost, destroyed or damaged during transmission, the person sending the same shall not be liable for such loss, destruction or damage.

(2) When any instrument is about to be so sent, the person from whose possession it came into the hands of the person impounding the same, may require a copy thereof to be made at the expense of such first-mentioned person and authenticated by the person impounding such instrument.

[3] Section 47. Power of payer to stamp bills and promissory notes received by him unstamped

When any Bill of Exchange or promissory note is presented for payment unstamped, the person to whom it is so presented may affix thereon the necessary adhesive stamp, and upon cancelling the same in the manner hereinbefore provided, may charge the duty against the person who ought to have paid the same, or deduct it from the sum payable as aforesaid, and such bill or note shall, so far as respects the duty be deemed good and valid:

provided that nothing herein contained shall relieve any person of any penalty or proceeding to which he may be liable in relation to such bill or note.]

Section 48. Recovery of duties and penalties

All duties, penalties and other sums required to be paid under this 4[Act] may be recovered by the Collector by distress and sale of the movable property of the person from whom the same are due, or by any other process for the time being in force for the recovery of arrears of land-revenue.

[5] Section 48A. Power of Collector to seal premises

(1) When a transferring or attesting authority fails to comply with the provisions of this Act, the Collector may seal such public office including the premises thereof after affording the transferring or attesting authority an opportunity of being heard.

(2) If the transferring or attesting authority is aggrieved by an order under subsection (1), he may within a period of thirty days of the order, apply to the Chief Revenue Authority, or any officer authorized by it in this behalf, for de-sealing of the public office.

(3) An application under subsection (2) shall not be entertained unless the applicant pays the deficient amount of the duty together with the penalty under this Act.]

CHAPTER V

1Substituted for the words “Chief Controlling Revenue-authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102-163, Article 2 read with the Schedule: it came into force on 23 March 1956.

2Ibid.

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.17. It was earlier Substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 9.

4Substituted for the word “chapter‟‟ by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 May 2025, p,4767 s.3.

5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.18.

Allowances for Stamps in Certain Cases

Section 49. Allowance for spoiled stamps

Subject to such rules as may be made by 1[the 2[Government] ] as to the evidence to be required, or the enquiry to be made the Collector may, on application made within the period prescribed in section 50, and if he is satisfied as to the facts, make allowance for impressed stamps spoiled in the cases hereinafter mentioned, namely:–

(a) the stamp on any paper inadvertently and undesignedly spoiled, obliterated or by error in writing or any other means rendered unfit for the purpose intended before any instrument written thereon is executed by any person:

(b) the stamp on any document which is written out wholly or in part, but which is not signed or executed by any party thereto:

(1) the stamp on 5[any such bill of exchange] 6[* *] signed by or on behalf of the drawer which has not been accepted or made use of in any manner whatever or delivered out of his hands for any purpose other than by way of tender for acceptance: provided that the paper on which any such stamp is impressed, does not bear any signature intended as or for the acceptance of any bill of exchange 7[* *] to be afterwards written thereon:

(2) the stamp on any promissory note signed by or on behalf of the maker which has not been made use of in any manner whatever or delivered out of his hands:

(3) the stamp used or intended to be used for 8[any such bill of exchange], 9[*] or promissory note signed by, or on behalf of, the drawer thereof, but which from any omission or error has been spoiled or rendered useless, although the same, being a bill of exchange 10[* *], may have been presented for acceptance or accepted or endorsed, or, being a promissory note, may have been delivered to the payee: provided that another completed and duly stamped bill of exchange, 11[*] or promissory note is produced identical in every particular, except in the correction of such omission

1Substituted for the words “the Local Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. The words “Local Government” were earlier substituted for the words “Governor General in Council” by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21-32, s. 2 read with the Schedule.

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 3.

3Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

4The word “cheques” was omitted ibid.

5Substituted for the words “any bill of exchange” by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

6The words “or cheque” were omitted ibid.

7Ibid.

8Substituted ibid., for the words “any bill of exchange”.

9The word “cheque” was omitted ibid. 10The words “or cheque” was omitted ibid. 11The word “cheque” was omitted ibid.

or error as aforesaid, with the spoiled bill, 1[*] or note:

(d) the stamp used for an instrument executed by any party thereto which–

(1) has been afterwards found to be absolutely void in law from the beginning:

(2) has been afterwards found unfit, by reason of any error or mistake therein, for the purpose originally intended:

(3) by reason of the death of any person by whom it is necessary that it should be executed, without having executed the same, or of the refusal of any such person to execute the same, cannot be completed so as to effect the intended transaction in the form proposed:

(4) for want of the execution thereof by some material party, and his inability or refusal to sign the same, is in fact incomplete and insufficient for the purpose for which it was intended:

(5) by reason of the refusal of any person to act under the same, or to advance any money intended to be thereby secured, or by the refusal or non-acceptance of any office thereby granted, totally fails of the intended purpose:

(6) becomes useless in consequence of the transaction intended to be thereby effected being effected by some other instrument between the same parties and bearing a stamp of not less value:

(7) is deficient in value and the transaction intended to be thereby effected has been effected by some other instrument between the same parties and bearing a stamp of not less value:

(8) is inadvertently and undesignedly spoiled, and in lieu whereof another instrument made between the same parties and for the same purpose is executed and duly stamped:

Provided that, in the case of an executed instrument, no legal proceeding has been commenced in which the instrument could or would have been given or offered in evidence and that the instrument is given up to be cancelled. Explanation.– The certificate of the Collector under section 32 that the full duty with which an instrument is chargeable has been paid is an impressed stamp within the meaning of this section.

Section 50. Application for relief under section 49 when to be made

The application for relief under section 49 shall be made within the following periods, that is to say,–

(1) in the cases mentioned in clause (d) (5), within two months of the date of the instrument:

(2) in the case of a stamped paper on which no instrument has been executed by any of the parties thereto, within six months after the stamp has been spoiled:

(3) in the case of a stamped paper in which an instrument has been executed by any of the parties thereto, within six months after the date of the instrument, or, if it is not dated, within six months after the execution thereof by the person by whom it was first or alone executed:

Provided that,–

(a) when the spoiled instrument has been for sufficient reasons sent out of 1[Pakistan], the application may be made within six months after it has been received back in 2[Pakistan]:

1The word “cheque” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

(b) when, from unavoidable circumstances, any instrument for which another instrument has been substituted, cannot be given up to be cancelled within the aforesaid period, the application may be made within six months after the date of execution of the substituted instrument.

[3] Section 50A. Refund of stamp

Notwithstanding anything contained in this Act, the Chief Revenue Authority may, within two years from the date on which the stamp was purchased or spoiled or rendered useless, as the case may be, allow refund to a person if he was:

(a) not in power or possession of such stamp; or

(b) unable to claim refund due to his detention in jail or admission in hospital; or

Section 51. Allowance in case of printed forms no longer required by Corporations

The 4[Chief Revenue Authority] 5[or the Collector if empowered by the 6[Chief Revenue Authority] in this behalf] may, without limit of time, make allowance for stamped papers used for printed forms of instruments 7[by any banker or,] by any incorporated company or other body corporate, if for any sufficient reason such forms have ceased to be required by the said 8[banker,] company or body corporate: provided that such authority is satisfied that the duty in respect of such stamped papers has been duly paid.

Section 52. Allowance for misused stamps

(a) When any person has inadvertently used for an instrument chargeable with duty, a stamp of a description other than that prescribed for such instrument by the rules made under this Act, or a stamp of greater value than was necessary, or has inadvertently used any stamp for an instrument not chargeable with any duty; or

(b) When any stamp used for an instrument has been inadvertently rendered useless under section 15, owing to such instrument having been written in contravention of the provisions of section 13; the Collector may, on application made within six months after the date of the instrument, or, if it is not dated, within six months after the execution thereof by the person by whom it was first or alone executed, and upon the instrument, if

2Ibid.

3Inserted by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 May 2025, p,4767 s.4.

4Substituted for the words “Chief Controlling Revenue-authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102-163, Article 2 read with the Schedule: it came into force on 23 March 1956.

5Inserted by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21-32,

s. 2 read with the Schedule.

6Substituted for the words “Chief Controlling Revenue-authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102-163, Article 2 read with the Schedule: it came into force on 23 March 1956.

7Inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906,

pp. 11-12, s. 6.

8Inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906,

pp. 11-12, s. 6.

chargeable with duty, being re-stamped with the proper duty, cancel and allow as spoiled the stamp so misused or rendered useless.

Section 53. Allowance for spoiled or misused stamps how to be made

In any case in which allowance is made for spoiled or misused stamps, the Collector may give in lieu thereof–

(a) other stamps of the same description and value; or,

(b) if required and he thinks fit, stamps of any other description to the same amount in value; or,

Section 54. Allowance for stamps not required for use

When any person is possessed of a stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose intended, but for which he has no immediate use, the Collector shall repay to such person the value of such stamp or stamps in money, 2[deducting ten per centum of that value] upon such person delivering up the same to be cancelled, and proving to the Collector‟s satisfaction–

(a) that such stamp or stamps were purchased by such person with a bona fide intention to use them; and

(b) that he has paid the full price thereof; and

Provided that, where the person is a licensed vendor of stamps, the Collector may, if he thinks fit, make the repayment of the sum actually paid by the vendor without any such deduction as aforesaid.

Section 55. Allowance on renewal of certain debentures

When any duly stamped debenture is renewed by the issue of a new debenture in the same terms, the Collector shall, upon application made within one month, repay to the person issuing such debenture the value of the stamp on the original or on the new debenture, whichever shall be less:

Provided that the original debenture is produced before the Collector and cancelled by him in such manner as the 3[Government] may direct. Explanation.– A debenture shall be deemed to be renewed in the same terms within the meaning of this section notwithstanding the following changes:–

(a) the issue of two or more debentures in place of one original debenture, the total amount secured being the same;

(b) the issue of one debenture in place of two or more original debentures, the total amount secured being the same;

(d) the alteration of the rate of interest or the dates of payment thereof.

CHAPTER VI

1Substituted for the words “deducting one anna for each rupee or fraction portion of a rupee” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711- 732, s. 10.

2Ibid.

3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Governor-General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75- 344, Article 3 read with the First Schedule.

Reference and Revision

Section 56. Control of, and statement of case to, 1[Chief Revenue Authority]

(1) The powers exercisable by a Collector under Chapter IV and Chapter V 2[and under clause (a) of the first proviso to section 26] shall in all cases be subject to the control of the 3[Chief Revenue Authority].

(2) If any Collector, acting under section 31, section 40 or section 41, feels doubt as to the amount of duty with which any instrument is chargeable, he may draw up a statement of the case, and refer it, with his own opinion thereon, for the decision of the 4[Chief Revenue Authority].

(3) Such authority shall consider the case and send a copy of its decision to the Collector, who shall proceed to assess and charge the duty (if any) in conformity with such decision.

Section 57. Statement of case by 5[Chief Revenue Authority] to High Court

(1) The 6[Chief Revenue Authority] may state any case referred to it under section 56, sub-section (2), or otherwise coming to its notice, and refer such case, with its own opinion thereon,–

7[ 8[(a) * * * * * * * * * * * * * * * * * *]

(b) if the case arises in 9[any Province], to the High Court of 10[the Province].]

(2) Every such case shall be decided by not less than three Judges of the High Court 11[* * *] to which it is referred, and in case of difference the opinion of the majority shall prevail.

Section 58. Power of High Court 12[* * *] to call for further particulars as to case stated

If the High Court 13[* * *] is not satisfied that the statements contained in the case are sufficient to enable it to determine the questions raised thereby, the Court may refer the case back to

2Inserted by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 7.

3Substituted for the words “Chief Controlling Revenue-authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102-163, Article 2 read with the Schedule: it came into force on 23 March 1956.

5Ibid.

6Ibid.

7Substituted for clauses (a), (b) and (c) by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845,

s. 3 read with the Second Schedule: it came into force on 14 October 1955. 8Deleted by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette (Extraordinary), dated: 20 November 1974, pp. 1425-A to 1425-PP, Article 2 read with the Schedule: it came into force on 14 August 1973.

9Substituted ibid., for the words “West Pakistan”.

10Ibid. 11The words “or Chief Court” were omitted by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845,

s. 3 read with the Second Schedule: it came into force on 14 October 1955. 12Ibid. 13Ibid.

the Revenue-authority by which it was stated, to make such additions thereto or alterations therein as the Court may direct in that behalf.

Section 59. Procedure in disposing of case stated

(1) The High Court 1[* * *], upon the hearing of any such case, shall decide the questions raised thereby, and shall deliver its judgment thereon containing the grounds on which such decision is founded.

(2) The Court shall send to the Revenue-authority by which the case was stated a copy of such judgment under the seal of the Court and the signature of the Registrar; and the Revenue-authority shall, on receiving such copy, dispose of the case conformably to such judgment.

Section 60. Statement of case by other Courts to High Court 2[* * *]

(1) If any Court, other than a Court mentioned in section 57, feels doubt as to the amount of duty to be paid in respect of any instrument under proviso (a) to section 35, the Judge may draw up a statement of the case and refer it, with his own opinion thereon, for the decision of the High Court 3[* * *] to which, if he were the 4[Chief Revenue Authority], he would, under section 57, refer the same.

(2) Such Court shall deal with the case as if it had been referred under section 57, and send a copy of its judgment under the seal of the Court and the signature of the Registrar to the 5[Chief Revenue Authority] and another like copy to the Judge making the reference, who shall, on receiving such copy, dispose of the case conformably to such judgment.

(3) References made under sub-section (1), when made by a Court subordinate to a District Court, shall be made through the District Court, and, when made by any subordinate Revenue Court, shall be made through the Court immediately superior.

Section 61. Revision of certain decisions of Courts regarding the sufficiency of stamps

(1) When any Court in the exercise of its civil or revenue jurisdiction or any Criminal Court in any proceedings under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 1898 6, makes any order admitting any instrument in evidence as duly stamped or as not requiring a stamp, or upon payment of duty and a penalty under section 35, the Court to which appeals lie from, or references are made by, such first-mentioned Court may, of its own motion or on the application of the Collector, take such order into consideration.

(2) If such Court, after such consideration, is of opinion that such instrument should not have been admitted in evidence without the payment of duty and penalty under section 35 or without the payment of a higher duty and penalty than those paid, it may record a declaration to that effect, and determine the amount of duty with which such instrument is chargeable, and may require any person in whose possession or power such instrument then is, to produce the same, and may impound the same when produced.

(3) When any declaration has been recorded under sub-section (2), the Court recording the same shall send a copy thereof to the Collector, and, where the instrument to which it relates has been impounded or is otherwise in the possession of such Court, shall also send him such instrument.

1The words “or Chief Court” were omitted by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845,

s. 3 read with the Second Schedule: it came into force on 14 October 1955.

2Ibid.

3Ibid.

5Ibid. 6V of 1898.

(4) The Collector may thereupon, notwithstanding anything contained in the order admitting such instrument in evidence, or in any certificate granted under section 42, or in section 43, prosecute any person for any offence against the Stamp-law which the Collector considers him to have committed in respect of such instrument:

Provided that–

(a) no such prosecution shall be instituted where the amount (including duty and penalty) which, according to the determination of such Court, was payable in respect of the instrument under section 35, is paid to the Collector, unless he thinks that the offence was committed with an intention of evading payment of the proper duty;

(b) except for the purposes of such prosecution, no declaration made under this section shall affect the validity of any order admitting any instrument in evidence, or of any certificate granted under section 42.

CHAPTER VII

Criminal Offences and Procedure

Section 62. Penalty for executing, etc., instrument not duly stamped

(1) Any person–

(a) drawing, making, issuing, endorsing or transferring, or signing otherwise than as a witness, or presenting for acceptance or payment, or accepting, paying or receiving payment of, or in any manner negotiating, any bill of exchange 1[payable otherwise than on demand], 2[*] or promissory note without the same being duly stamped; or

(b) executing or signing otherwise than as a witness any other instrument chargeable with duty without the same being duly stamped; or

(c) voting or attempting to vote under any proxy not duly stamped; shall for every such offence be punishable with fine which 3[shall be equal to two times of the unpaid duty]:

Provided that, when any penalty has been paid in respect of any instrument under section 35, section 40 or section 61, the amount of such penalty shall be allowed in reduction of the fine (if any) subsequently imposed under this section in respect of the same instrument upon the person who paid such penalty.

(2) If a share-warrant is issued without being duly stamped, the company issuing the same, and also every person who, at the time when it is issued, is the managing director or secretary or other principal officer of the company, shall be punishable with fine which may extend to 4[one thousand] rupees.

Section 63. Penalty for failure to cancel adhesive stamp

Any person required by section 12 to cancel an adhesive stamp, and failing to cancel such stamp in manner prescribed by that section, shall be punishable with fine which may extend to 5[five hundred] rupees.

1Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

2The word “cheque” was omitted ibid.

3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.19.

4Ibid.

Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.17.

5 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.20.

[1] Section 64. Penalty or omission to comply with provisions of section 27

Any person who, with intent to defraud the Government-

(a) executes any instrument in which all the facts and circumstances required by section 27 to be set forth in such instrument are not fully and truly set forth; or

(b) being employed or concerned in or about the preparation of any instrument, neglects or omits fully and truly to set forth therein all such facts and circumstances;

shall be punishable with fine which may extend to one hundred thousand rupees; or

(c) does any other act calculated to deprive the Government of any duty or penalty under this Act shall be punishable with fine equal to five times the amount of duty or penalty but shall not be less than one hundred thousand rupees.]

[2] Section 64A. Punishment for omission to comply with the provision of the Act

Any transferring or attesting authority which willfully and dishonestly fails to comply with any of the provisions of the Act shall be punishable with imprisonment for a term which may extend to six months or with fine which may extend to five hundred thousand rupees, or with both.]

Section 65. Penalty for refusal to give receipt, and for devices to evade duty on receipts

Any person who–

(a) being required under section 30 to give a receipt, refuses or neglects to give the same; or,

(b) with intent to defraud the Government of any duty, upon a payment of money or delivery of property exceeding twenty rupees in amount or value, gives a receipt for an amount or value not exceeding twenty rupees, or separates or divides the money or property paid or delivered; shall be punishable with fine which may extend to 3[five hundred] rupees.

Section 66. Penalty for not making out policy or making one not duly stamped

Any person who–

(a) receives, or takes credit for, any premium or consideration for any contract of insurance and does not, within one month after receiving, or taking credit for, such premium or consideration, make out and execute a duly stamped policy of such insurance; or

(b) makes, executes or delivers out any policy which is not duly stamped, or pays or allows in account, or agrees to pay or allow in account, any money upon, or in respect of, any such policy;

shall be punishable with fine which may extend to 4[one thousand] rupees.

Section 67. Penalty for not drawing full number of bills or marine policies purporting to be in sets

Any person drawing or executing a bill of exchange 5[payable otherwise than on

1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.21.

2 Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.22.

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 23.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.24.

5Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came into force on 1 July 1927.

demand] or a policy of marine insurance purporting to be drawn or executed in a set of two or more, and not at the same time drawing or executing on paper duly stamped the whole number of bills or policies of which such bill or policy purports the set to consist, shall be punishable with fine which may extend to 1[five thousand] rupees.

Section 68. Penalty for post-dating bills, and for other devices to defraud the revenue

Any person who–

(a) with intent to defraud the Government of duty, draws, makes or issues any bill of exchange or promissory note bearing a date subsequent to that on which such bill or note is actually drawn or made; or,

(b) knowing that such bill or note has been so post-dated, endorses, transfers, presents for acceptance or payment, or accepts, pays or receives payment of, such bill or note, or in any manner negotiates the same; or,

(c) with the like intent, practises or is concerned in any act, contrivance or device not specially provided for by this Act or any other law for the time being in force;

shall be punishable with fine which 2[shall be equal to five times the amount of the unpaid duty subject to a minimum of twenty five thousand rupees.]

Section 69. Penalty for breach of rule relating to sale of stamps and for unauthorized sale

(a) Any person appointed to sell stamps who disobeys any rule made under section 74, and 3[(b)

any person, not so appointed, who sells or offers for sale any stamp shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to one hundred thousand rupees;] shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to 4[one thousand] rupees, or with both.

Section 70. Institution and conduct of prosecutions

(1) No prosecution in respect of any offence punishable under this Act or any Act hereby repealed, shall be instituted without the sanction of the Collector or such other officer as 5[the 6[Government] ] generally, or the Collector specially, authorizes in that behalf.

(2) The 7[Chief Revenue Authority], or any officer generally or specially authorized by it in this behalf, may stay any such prosecution or compound any such offence.

1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.25. It was earlier substituted for the words “one thousand” by the Punjab Finance Act, 1996 (V of 1996), published in the Punjab Gazette (Extraordinary), dated: 26 June 1996, pp. 215-219, s. 3: it came into force on 1 July

1996.

2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.26.

3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.27.

4Substituted for the words “five hundred” by the Punjab Finance Act, 1996 (V of 1996), published in the Punjab Gazette (Extraordinary), dated: 26 June 1996, pp. 215-219, s. 3: it came into force on 1 July 1996.

7Substituted for the words “Chief Controlling Revenue-authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102-163, Article 2 read with the Schedule: it came into force on 23 March 1956.

(3) The amount of any such composition shall be recoverable in the manner

provided by section 48.

[1] Section 71. Jurisdiction of Magistrates

A Magistrate of competent jurisdiction shall try an offence under this Act.]

Section 72. Place of trial

Every such offence committed in respect of any instrument may be tried in any district 2[* *] in which such instrument is found, as well as in any district 3[* *] in which such offence might be tried under the Code of Criminal Procedure for the time being in

force.

CHAPTER VIII

Supplemental Provisions

Section 73. Books, etc., to be open to inspection

4[(1) Every public officer shall, whenever his business involves an instrument chargeable with duty under this Act, keep and maintain such registers, books, records, papers, documents or proceedings relating to payment of that duty in such form as prescribed by the Board of Revenue and furnish a monthly statement of payment to the Collector.

(2)] Every public officer having in his custody any registers, books, records, papers, documents or proceedings, the inspection whereof may tend to secure any duty, or to prove or lead to the discovery of any fraud or omission in relation to any duty, shall at all reasonable times permit any person authorized in writing by the 5[Board of Revenue or] Collector to inspect for such purpose the registers, books, papers, documents and proceedings, and to take such notes and extracts as he may deem necessary, without fee or charge.

Section 74. Powers to make rules relating to sale of stamps

The 6[Government], 7[* * * * * * * * * *], may make rules for regulating–

(a) the supply and sale of stamps and stamped papers,

(b) the persons by whom alone such sale is to be conducted, and

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.28.

2The words “or Presidency-town” were repealed by the Federal Laws (Revision and Declaration) Act, 1951 (XXVI of 1951), published in the Gazette of Pakistan (Extraordinary), dated: 12 May 1951, pp. 340-388, s. 3 read with the Second Schedule.

3Ibid.

4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.29.

5Substituted by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 May 2025, p,4767 s.5.

6 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Collecting Government” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 3. They were earlier substituted for the words “Local Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

7The words “subject to the control of the Governor General in Council” were omitted by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

8 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 30.

9 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 30.

[1] Section 75. Power to make rules

The Government may make rules to carry out the purposes of this Act.]

Section 76. Publication of rules

2[(1) All rules made under this Act shall be published in the Official Gazette.]

(2) All rules published as required by this section shall, upon such publications, have effect as if enacted by this Act.

[3] Section 76A. Delegation of certain powers

4[The 5[* * * * * * * * * * * * * * * * * * * * * * * *] 6[Government], may by notification in the Official Gazette], delegate–

(a) all or any of the powers conferred on it by sections 2 (9), 33 (3) (b), 70 (1), 74 and 78 to the 7[Chief Revenue Authority];

and

1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 31.

2Substituted by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

3Inserted by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21-32,

s. 2 read with the Schedule.

4Substituted for the words “The Local Government may, by notification in the local Official Gazette” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.

5The expression “Central Government, subject to the provisions of section 124(1) of the Government of India Act, 1935, and the” was omitted by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp.753-754, s.7.

6 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2.

(b) all or any of the powers conferred on the 1[Chief Revenue Authority] by sections 45 (1) (2), 56 (1) and 70 (2) to such subordinate Revenue-authority as may be specified in the notification.]

Section 77. Saving as to court-fees

Nothing in this Act contained shall be deemed to affect the duties chargeable under any enactment for the time being in force relating to court-fees.

Section 78. Act to be translated and sold cheaply

2[The] 3[Government] shall make provision for the sale of translations of this Act in the principal vernacular languages of the territories administered by it at a price not exceeding 4[twenty-five paisa] per copy.

[5] Section 79. Repeal

* * * * * * * * * * * * * * * *]

2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 32.

3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Local Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations.

4Substituted for the words “four annas” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 12.

5Repealed by the Repealing and Amending Act, 1914 (X of 1914), published in the Gazette of India, dated: 21 March 1914, pp. 47- 59, s. 3 read with the Second Schedule.

1[SCHEDULE I

Stamp-Duty on Instruments (See Section 3)

Description of Instrument

Proper Stamp-duty

1. 2[ACKNOWLEDGMENT of a debt exceeding twenty rupees in amount or value, written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book other than a banker‟s pass-book or on a separate piece of paper when such book or paper is left in the creditor‟s possession:

Provided that such acknowledgment does not contain any promise to pay the debt or any stipulation to pay interest or to deliver any goods or other property-

(a) where such amount does not exceed ten thousand rupees.

Ten rupees

(b) where such amount exceeds ten thousand rupees but does not exceed twenty thousand rupees.

Twenty rupees

Fifty rupees.]

2. ADMINISTRATION BOND, including a bond given under sections 291, 375 and 376 of the Succession Act 1925 3, section 6 of the Government Savings Banks Act, 1873 4–

5[* * * * *]

6[* * * * *]

7[* * * * *]

8[One hundred] rupees.

1Substituted by the West Pakistan Finance Ordinance, 1969 (VII of 1969), published in the Gazette of West Pakistan (Extraordinary), dated: 30 June 1969, pp. 1007-1050, s.7 read with the Fifth Schedule: it came into force on 1 July 1969. This Ordinance was saved by Article 281 of the Interim Constitution of the Islamic Republic of Pakistan, 1972 and validated by the Validation of Laws Act, 1975 (LXIII of 1975). It was earlier substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 13.

2Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

3XXXIX of 1925. 4V of 1873.

5Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 33.

6Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 33.

7Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 33.

8Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp.

1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

Description of Instrument

Proper Stamp-duty

1[Note: In case of registration of the instrument, an additional stamp duty of Rs. 25/- shall be charged.]

3. ADOPTION-DEED, that is to say, any instrument (other than a will) recording an adoption or conferring or purporting to confer an authority to

adopt.

2[One hundred] rupees.

ADVOCATE, See ENTRY AS AN ADVOCATE (No. 30).

3[Note: In case of registration of the instrument, an additional stamp duty of Rs.10/- shall be charged.]

4. AFFIDAVIT, including an affirmation or declaration in the case of persons by law

4[ 5[Three] hundred rupees].

allowed to affirm or declare instead of swearing

EXEMPTIONS

Affidavit or declaration in writing when made–

(a) as a condition of enrolment under the Indian Army Act, 1911 6, or the Pakistan Army Act, 1952 7 or the Indian Air Force Act, 1932 8, or the Pakistan Air Force Act, 1953 9;

(b) for the immediate purpose of being filed or used in any Court or before the officer of any Court; or

Paragraph 5. AGREEMENT OR MEMORANDUM OF AN AGREEMENT

(a) if relating to the sale of a bill of exchange;

10[Two] rupee.

1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

2Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s. 33.

into force on 1 July 2014. The word “Twenty” was earlier substituted for the word “Ten” by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July

1998. The word “Ten” was earlier substituted for the word “Five” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Five” was earlier substituted for the word “Four” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

5Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(a).

6VII of 1911. 7XXIX of 1952. 8XIV of 1932. 9VI of 1953.

10Substituted for the word “One” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

Description of Instrument

Proper Stamp-duty

(b) if relating to the sale of a Government security;

1[One rupee] for every Rs.10,000 or part thereof of the value of the security, 2[subject to a maximum of one hundred rupees] 3[but shall not be less than one hundred rupees.]

4[One rupee] for every Rs. 5,000 or part thereof of the value of the share.

5[(cc) if relating to the sale of immovable property

6[ 7[Three thousand] rupees] ]

8[(ccc) for collection or recovery of octroi or goods exit tax or tax on transfer of immovable property by a contractor with a Local Council.

Fifty paisa for every one hundred rupees or part thereof of the amount of the contract] 9[but shall not be less than one hundred rupees.]

(d) if not otherwise provided for

10[ 11[Five] hundred] rupees.

EXEMPTIONS

Agreement or Memorandum of an Agreement–

(a) for or relating to the purchase of or sale of goods or merchandise exclusively, not being a NOTE OR MEMORANDUM chargeable under No. 43;

(b) made in the form of tenders to the Government] for or relating to any loan.

1Substituted for the words “Fifty paisa” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

2Ibid., for the words “subject to a maximum of fifty rupees”.

3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Ibid., for the words “Twenty-five paisa”. 5Added ibid.

6Substituted for the words “One hundred rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The words “One hundred” were earlier substituted for the word “Fifty” by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998.

7Substituted for the words “Twelve hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(b)(i).

8Added by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, pp.

1011-1014, s. 2: it came into force on the same day.

9Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

10Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

11Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette dated: 27 June 2024, pp. 4999-5005, s. 3(b)(ii).

12Substituted for the words “Central Government” by the Federal Adaptation of Laws Order, 1975 (P. O. No. 4 of 1975), published in the Gazette of Pakistan (Extraordinary), dated 1 August 1975, pp. 435-467, Article 2 read with the Table of General Adaptations.

Description of Instrument

Proper Stamp-duty

AGREEMENT TO LEASE, see LEASE (No. 35).

1[Note: In case of registration of the instrument, an additional stamp duty at the rate of 0.1% shall be charged.] 2[6. AGREEMENT RELATING TO DEPOSIT OF TITLE DEEDS, PAWN OR PLEDGE, that is to say, any instrument evidencing an agreement relating to–

(1) the deposit of title-deeds or instruments constituting or being evidence of the title to any property whatever (other than marketable security), or

(2) the pawn or pledge of movable property, where such deposit, pawn or pledge has

been   made   by  way  of     security    for  
the  re-payment   of    money

advanced or to be advanced by way of loan or an existing or future debt–

(a) if such loan or debt is repayable on demand or more than three months from the date of the instrument evidencing the agreement;

(i) in the case of banking companies or other financial institutions, when the entire finance is not based on interest; and

One-fifth of one percent, that is to say, 0.2% of the loan amount 3[but shall not be less than One hundred rupees] subject to a maximum of 4[five hundred thousand] rupees 5[but shall not be less than One hundred rupees].

(ii) in any other case.

One-fifth of one percent, that is to say, 0.2% of the loan amount 6[but shall not be less than One hundred rupees.]

(b) if such loan or debt is repayable not more than three months from the date of such instrument;

1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

2Substituted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, pp.5027-5029, s. 3: it came into force on 1 July 2006.

3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Substituted for the words “one hundred thousand” by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab Gazette (Extraordinary), dated: 28 June 2019, pp. 4105-4114, s. 2: it came into force on 1 July 2019.

5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

6Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

Description of Instrument

Proper Stamp-duty

(i) in the case of banking companies or other financial institutions, when the entire finance is not based on interest; and

One-tenth of one percent, that is to say, 0.1% of the loan amount 1[but shall not be less than One hundred rupees], subject to a maximum of 2[five hundred thousand] rupees 3[but shall not be less than One hundred rupees.]

(ii) in any other case.

One-tenth of one percent, that is to say, 0.1% of the loan amount 4[but shall not be less than One hundred rupees.]

5[Note:

In case of registration of the instrument, an additional stamp duty at the rate of 0.1% shall be charged.]

Paragraph 7. APPOINTMENT IN EXECUTION OF A POWER where made by any writing not being a will

(a) of trustees

6[One hundred] rupees.

(b) of property, movable or immovable

7[One hundred] rupees.

8. APPRAISEMENT OR VALUATION made otherwise than under an order of the Court in the course of a suit–

(a) 8[* * * * *]

9[* * * * *].

(b) 10[* * * * *]

11[* * * * *].

1Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

2Ibid. for the words “fifty thousand”.

3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier substituted for the words “Thirty-five” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July

1995. 7Ibid., for the word “Seventy”.

8Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

9Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

10Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

11Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier, Ibid., for the word “fifty”. The word “Fifty” was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp.

1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

Description of Instrument

Proper Stamp-duty

EXEMPTIONS

(a) Appraisement of valuation made for the information of one party only, and not being in any manner obligatory between parties either by agreement or operation of law.

(b) Appraisement of crop for the purpose of ascertaining the amount

to be given to a landlord as rent.

9. APPRENTICESHIP-DEED, including every writing relating to the service or tuition of any apprentice, clerk or servant, placed with any master to learn any profession, trade or employment not being ARTICLES OF CLERKSHIP (No. 11).

1[One hundred] rupees.

EXEMPTION

Instrument of apprenticeship executed by a Magistrate under the Apprentices Act, 1850 2, or by which a person is apprenticed by or at the charge of any public charity.

3[10. ARTICLES OF ASSOCIATION OF A COMPANY* * * * * * * * * *

* * * * * * * * * * * * * * * *] 11.

ARTICLES OF CLERKSHIP OR contract whereby any person first becomes bound to serve as a clerk in order to his admission as an attorney in any High Court. ASSIGNMENT, See CONVEYANCE (No. 23), TRANSFER (No. 62) and TRANSFER OF LEASE (No. 63), as the case may be.

4[Seven hundred and fifty] rupees.

ATTORNEY. See ENTRY AS AN ATTORNEY (No. 30), and POWER OF ATTORNEY (No. 48). AUTHORITY TO ADOPT, See ADOPTION- DEED (No. 3).

5[11-A AIR TICKETS issued by any Airline–

(i) for domestic flights;

Twenty five rupees per ticket

(ii) for international flights.

Two hundred and fifty rupees per ticket] 1[11-AA ASSIGNABLE DEED that is to say rights, title and interests in an Immovable property are assigned, reassigned or transferred;

1Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word “Twenty-five” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

2XIX of 1850. 3Deleted by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004.

4Substituted for the words “Five hundred” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

5Added by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, pp.

1011-1014, s. 2: it came into force on the same day.

Description of Instrument

Proper Stamp-duty

(a) within twelve months; and

1% of the value of immovable property on each instance of assignment or transfer.

(b) Beyond twelve months.

2% of the value of immovable property on each instance of assignment or transfer.] 2[11-B AUTHENTICATED DECLARATIONS that is to say declarations of newspapers, periodicals or printing presses authenticated by a legally competent authority.

Five thousand rupees per Declaration.]

EXPLANATION I.– The duty shall be paid by the declarant. EXPLANATION II.– The declaration shall not be authenticated unless the duty is paid.

12. AWARD, that is to say, any decision in writing by an arbitrator or umpire, not being an award directing a partition, on a reference made otherwise than by an order of

3[ 4[Three percent] of] the amount or value of the property to which the award relates as set forth

the Court in the course of a suit.

in such award 5[* * * * * * *].

6[12-A * * * * * * * * * * * * * * * * *

* * * * * * * * * * * ** * * ** * ] 7[12-B * * * * * * * * * * * * * * * *

* * * * * * * * * * * ** * * ** * ]

Paragraph 13. BILL OF EXCHANGE as defined by section 2(2) not being BOND, bank note or currency note

8[(a) where payable otherwise than on demand but not more than one year after date or sight–

1Inserted by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4 (a).

2Added by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998.

3Substituted for the words “Three rupees for every one hundred rupees or part thereof for” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004. The words “Three rupees for every one hundred rupees or part thereof” were earlier substituted for the words “The same duty as on a Bond (No. 15)” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

4Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.

5The words “subject to a maximum of fifty rupees” were omitted by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 6Deleted by the Punjab Finance Ordinance, 2000 (III of 2000), published in the Punjab Gazette (Extraordinary), dated: 30 June 2000, pp. 587-595, s. 2: it came into force on 1 July 2000: the said Ordinance was saved under Article 270AA of the Constitution of the Islamic Republic of Pakistan, as substituted by the Constitution (Eighteenth Amendment) Act, 2010 (X of 2010), published in the Gazette of Pakistan (Extraordinary), dated: 20 April 2010, pp. 267-316, s. 96. Added by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, pp. 1011-1014, s. 2:it came into force on the same day.

7Ibid.

8Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

Description of Instrument

Proper Stamp-duty

(i) if drawn singly

two rupees for every one thousand rupees or part thereof of the amount of the Bill 1[but shall not be less than one hundred rupees]

(ii) if drawn in set of two or more, for each part of the set

one rupee for every one thousand rupees or part thereof of the amount of the Bill] 2[but shall not be less than one hundred rupees]

(b) where payable more than one year after date or sight.

3[If drawn singly

Three rupees for every one thousand rupees or part thereof of the amount of the Bill 4[but shall not be less than one hundred rupees]

If drawn in set of two, for each part of the set

Two rupees for every one thousand rupees or part thereof of the amount of the Bill 5[but shall not be less than one hundred rupees]

If drawn in set of three, for each part of the set

one rupee for every one thousand rupees or part thereof of the amount of the Bill] 6[but shall not be less than one hundred rupees]

Paragraph 14. BILL OF LADING (including a through bill of lading). Note

If a bill of lading is drawn in parts, the proper stamp therefor must be borne by each one of the sets.

7[One hundred rupees].

EXEMPTIONS–

1Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

2Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

3Substituted for the words “One half of the duty payable on a Bond (No. 15) for the same amount” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

6Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

Description of Instrument

Proper Stamp-duty

(a) Bill of lading when the goods therein described are received at a place within the limits of any port as defined under the Ports Act, 1908 1, and are to be delivered at another place within the limits of the same

port.

(b) Bill of lading when executed out of Pakistan and relating to property to be delivered in Pakistan.

2[15. BOND as defined by section 2(5) not being a DEBENTURE (No. 27) and not being otherwise

provided for by this Act, or by the Court Fees Act, 1870–

(i) where the amount or value secured does not exceed five hundred rupees

Fifteen rupees 3[but shall not less than one hundred rupees]

(ii) where it exceeds five hundred rupees, for every additional amount of five hundred rupees or part thereof

Fifteen rupees] 4[but shall not less than one hundred rupees]

See ADMINISTRATION BOND (No.2), BOTTOMERY BOND (No.16), CUSTOMS BOND (No.26).

INDEMNITY BOND (No.34), RESPONDENTIA BOND (No.56), SECURITY BOND (No.57).

Exemption

Bond when executed by any person for the purpose of guaranteeing that the local income derived from private subscription to a Charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem.

5[Note:

In case of registration of the instrument, an additional stamp duty of Rs.25/- shall be charged.]

16. BOTTOMERY BOND, that is to say, any instrument where by the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage.

The same duty as on a bond (No.

15) for the same amount. 6[Note:

In case of registration of the instrument, an additional stamp duty of Rs.25/- shall be charged.]

1XV of 1908.

2Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

6Ibid.

Description of Instrument

Proper Stamp-duty

17. CANCELLATION, instrument of (including any instrument by which any instrument previously executed is cancelled), if attested and not otherwise provided for. See also RELEASE (No. 55), REVOCATION OF SETTLEMENT (No. 58-B), SURRENDER OF LEASE (No. 61), REVOCATION OF TRUST (No. 64-B).

1[ 2[Five] hundred rupees]. 3[18. 4[CERTIFICATE OF SALE (in respect of each property put up as a separate lot and sold) granted to the purchaser of any property sold by public auction by a Civil or Revenue Court, or Collector or other Revenue Officer:

a) in case of immovable property in an urban area; and

b) in any other case.

5[Two] percent of the value of the property. 6[One] percent of the value of the property. NOTE: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b)

Rs. 1000/-, if the consideration exceeds Rs.500,000/.]

1Substituted for the words “Fifty rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The word “Fifty” was earlier

substituted for the word “Twenty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Twenty” was earlier substituted for the word “Fifteen” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

2Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(c).

3Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

4Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017. It was earlier substituted by the Punjab Finance Act, 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s.2; it came into force on 1 July

1995.

5Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

6Substituted for the word "Three" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i).

Description of Instrument

Proper Stamp-duty

19. 1[CERTIFICATE OR OTHER DOCUMENT evidencing the right or title of the holder thereof or any other person, either to any shares, scrip or stock in or of any incorporated company or other body corporate, or to become proprietor of shares, scrip or stock in or of any such company or body.

One hundred rupees.]

See also LETTER OF ALLOTMENT OF SHARES (No. 36).

20. CHARTER PARTY, that is to say, any instrument (except an agreement for the hire of a tug-steamer) whereby a vessel or some specified principal part thereof is let for the specified purposes of the charterer, whether it includes a penalty clause or not.

2[One hundred] rupees.

Paragraph 21. Stock and marketable securities how to be valued

* * * * * * * *

* * * * * * * ** * * * * * * *

22. COMPOSITION-DEED, that is to say, any

instrument executed by a debtor whereby    he  
conveys    his

3[One hundred] rupees.

property for the benefit of his creditors, or whereby payment of a composition or dividend on their debts is secured to the creditors, or whereby provision is made for the continuance of the debtor‟s business under the supervision of inspector or under letters of licence for the benefit of his creditors.

4[22-A. 5[CONTRACT, that is to say any instrument of the nature of memorandum of Agreement made or entered into by a contractor with Government, Corporation, Local Body, Local Authority, agency or organization set up or controlled by the 6[Federal Government] or the 7[Government]-

(a) to execute any work–

(i) where the amount of the contract does not exceed five lac rupees.

8[Three thousand] rupees

1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

2Substitution by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier substituted for the word “Five” by the Punjab Finance Act, 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s.2; it came into force on 1 July 1995. 3Ibid., for the word “Fifty”.

4Added by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995,

pp. 103-112, s. 2: it came into force on 1 July 1995.

5Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

6Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.2

8Substituted for the words “Twelve hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(i).

Description of Instrument

Proper Stamp-duty

(ii) where it exceeds five lac rupees but does not exceed ten lac rupees.

1[Five] thousand rupees

(iii) where it exceeds ten lac rupees but does not exceed fifty lac rupees.

2[Eight] thousand rupees

(iv) where it exceeds fifty lac rupees but does not exceed one crore and fifty lac rupees.

3[Fifteen] thousand rupees

(v) where it exceeds one crore and fifty lac rupees

4[Thirty] thousand rupees

(b) to procure stores and materials

Twenty-five paisas for every one hundred rupees or part thereof of the amount of the contract subject to a minimum of twelve hundred rupees.] ] 5[23. 6[CONVEYANCE as defined by section 2(10) not being a TRANSFER charged or exempted under Article 62:

(a) In case of immovable property in an urban area; and

(b) in any other case

7[Two] percent of the value of property. 8[One] percent of the value of the property. 9[Note-I]:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

1Substituted for the word “Two” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(ii).

2Substituted for the word “Three” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iii).

3Substituted for the word “Five” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iv).

4Substituted for the word “Ten” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(v).

5Substituted by the Punjab Finance Act 2010 (VI of 2010), published in the Punjab Gazette (Extraordinary), dated: 28 June 2010, pp. 3145-3150, s. 2: it came into force on 1 July 2010. It was earlier substituted by the Punjab Finance Act, 1986 (IV of 1986), published in the Punjab Gazette (Extraordinary), dated: 14 June 1986, pp. 1307-1309, s. 2. It was earlier substituted by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975.

6Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.

7Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s.2.

8Substituted for the word "Three" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i).

9Substituted by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2.

Description of Instrument

Proper Stamp-duty

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-. 1[Note-II: The rate of the stamp duty shall be 0.5 percent of the value of a property to be transferred to a Real Estate Investment Trust (REIT), and the rate of the stamp duty shall be one percent of the value of a property which is to be transferred by REIT to the end users. Explanation. The term “value” means the real value but not below the one prescribed in valuation table issued under section 27-A of this Act.] 2[* * * * *].]

24. COPY OR EXTRACT certified to be a true copy or extract by or by order of any public officer and not chargeable under the law for the time being in force relating to court-fees–

(i) if the original was not chargeable with duty or if the duty with which it was chargeable does not exceed four rupees;

Two rupees.

(ii) in any other case

4[Ten] rupees.

EXEMPTION

(a) Copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for any public purpose;

1Added by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022,

pp. 6339-6345, s.2.

2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

3Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Substituted for the word “Five” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Five” was earlier substituted for the word “Four” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp.

1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

Description of Instrument

Proper Stamp-duty

(b) Copy of, or extract from, any register relating to births, baptisms, namings, dedications, marriages (divorces), deaths or burials.

25. 1[COUNTERPART OR DUPLICATE of any instrument chargeable with

duty and in respect of which the proper duty has been paid–

2[* * * * *];

3[* * * * *]

(b) 4[* * * * *]

One hundred rupees.]

Exemption

Counterpart of any lease granted to cultivator when such lease is exempted from duty.

Paragraph 26. CUSTOMS-BOND

(a) 5[* * * * *]

6[* * * * *]

(b) 7[* * * * *]

8[One hundred] rupees. 9[Note:

In case of registration of the instrument, an additional stamp duty of Rs.25/- shall be charged.] 10[27. DEBENTURE OR PARTICIPATION TERM CERTIFICATE OR TERM FINANCE CERTIFICATE OR ANY OTHER INSTRUMENT OF REDEEMABLE CAPITAL OTHER THAN A COMMERCIAL PAPER

One-twentieth of one percent, that is to say, 0.05% of the face value 1[* *] subject to a maximum of one million rupees 2[but shall not be less than one hundred rupees.]

1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

3Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

5Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

6Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

7Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

9Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

10Substituted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006,

pp. 5027-5029, s. 3: it came into force on 1 July 2006.

Description of Instrument

Proper Stamp-duty

(whether or not a mortgage debenture, a Participation Term Certificate, a Term Finance Certificate or any other instrument of redeemable capital), being a marketable security transferable by endorsement or by separate instrument of transfer or by delivery.

Explanation-I.– The term “Debenture” includes any interest coupons attached thereto, but the amount of such coupons shall not be included in estimating the duty.

Explanation-II.– The term “Participation Term Certificate” means an instrument or certificate of a specified denomination called the face value or nominal value, issued by a company for raising capital, the holder whereof participates in the profit and loss of the company over such period to such extent and on such conditions as may be specified at the time of its issue.

Explanation-III.– The term “Term Finance Certificate” means a fixed tenure instrument or certificate of a specified denomination called the face value or nominal value issued to raise capital by a body corporate in the form of transferable security.]

3[27-A. 4[DECREE, RULE OF A COURT OR AN ORDER OF A COURT based on mutual consent of the parties in cases involving transfer of an immovable property including sale, exchange, gift or mortgage, declaring or conferring a right in, or title to, an immovable property:

a) in case of immovable property in an urban area; and

b) in any other case

5[Two] percent of the value of the property. 6[One] percent of the value of the property.

1The words “per annum” were omitted by the Punjab Finance Act, 2007 (IV of 2007), published in the Punjab Gazette (Extraordinary), dated: 30 June 2007, pp. 5665-5666, s. 2: it came into force on 1 July 2007.

2Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

3Inserted by the Punjab Finance Act 2008 (I of 2008), published in the Punjab Gazette (Extraordinary), dated: 27 June 2008, pp.

4033-4035, s. 3: it came into force on 1 July 2008.

4Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.

Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s.2.

6Substituted for the word "Three" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i).

Description of Instrument

Proper Stamp-duty

NOTE: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-;

and

(b)

Rs. 1000/-, if the consideration exceeds Rs.500,000/-.

EXPLANATION.– Value, in this Article, means the value of the property in accordance with the valuation table as notified by the Collector or where valuation table is not available, the average sale price of a property of similar nature in the same revenue estate or locality in the preceding year as may be determined by the Collector.]

28. 1[DELIVERY-ORDER IN RESPECT OF GOODS, that is to say, any instrument entitling any person therein named, or his assigns or the holder thereof, to the delivery of any goods lying in any dock or port, or in any ware-house in which goods are stored or deposited on rent or hire, or upon any wharf such instrument being signed by

One hundred rupees.]

or on behalf of the owner of such goods upon the sale or transfer of the property therein, when such goods exceed in value twenty rupees.

DEPOSIT OF TITLE-DEEDS. see AGREEMENT relating to DEPOSIT OF TITLE-DEEDS, PAWN OR PLEDGE (No.6).

DISSOLUTION OF PARTNERSHIP, See PARTNERSHIP (No. 46).

29. DIVORCE-Instrument of, that is to say any instrument by which any person effects the dissolution of his marriage.

2[One 3[thousand] rupees].

DOWER- Instrument of, See SETTLEMENT (No. 58).

1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

2Substituted for the words “Thirty rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The word “Thirty” was earlier

substituted for the word “Fifteen” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

3Substituted for the word “hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(e).

Description of Instrument

Proper Stamp-duty

DUPLICATE, See COUNTERPART (No. 25).

1[30. ENTRY AS AN ADVOCATE, OR ATTORNEY ON THE ROLL OF ANY HIGH COURT * * * * * * * *

* * * * * ** * * * * ** * * * * *] 2[31. EXCHANGE of immovable property:

(a) in case of immovable property in an urban area;

(b) in case of immovable property in rural area;

3[Two] percent of the value of each immovable property

Three percent of the value of each immovable property 4[Two] percent of the value of urban immovable property and three percent of the value of rural immovable property Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) five hundred rupees if the amount of consideration does not exceed five hundred thousand rupees; and

(b) one thousand rupees if the amount of

consideration

exceeds five

hundred thousand

rupees.]

1Omitted by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990,

pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

substituted by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997,

pp. 1011-1014, s. 2:it came into force on the same day. It was earlier substituted by the Punjab Finance Act, 1986 (IV of 1986), published in the Punjab Gazette (Extraordinary), dated: 14 June 1986, pp. 1307-1309, s. 2. It was earlier substituted by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 . 3

Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2.

Description of Instrument

Proper Stamp-duty

Paragraph 32. FURTHER CHARGE-Instrument of, that is to say, any instrument imposing a further charge on mortgaged property

(a) when the original mortgage is one of the description referred to in clause (a) of Article No. 40 (that is, with possession);

1[Two percent of the] consideration equal to the amount of the further charge secured by such instrument.

(b) when such mortgage is one of the description referred to in clause (b) of Article No. 40 (that is, without possession)–

(i) if at the time of execution of the instrument of further charge possession of the property is given or agreed to be given under such instrument;

2[Two percent of the] consideration equal to the total amount of the charge (including the original mortgage and any further charge already made) less the duty already paid on such original mortgage and further charge.

(ii) if possession is not so given

3[Two percent of] the amount of the further charge secured by such instrument. 4[Note:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

1Substituted for the expression “The same duty as on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July

2004.

2Substituted for the expression “The same duty as on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s. 2: it came into force on 1 July

2004.

3Substituted ibid., for the expression “The same duty as on a Bond (No.15) for”.

4Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

Description of Instrument

Proper Stamp-duty

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-.]

1[33.

2[GIFT – Instrument of, including a memorandum of oral gift of an immovable property, not being a SETTLEMENT (Article 58) or WILL or TRANSFER (Article 62) – when executed in respect of an immovable property:

a) in case of immovable property in an urban area; and

3[Two] percent of the value of the property: provided that if the gift deed is executed between spouses, father, mother, son, daughter, grandparent, sibling or from one wife or widow to another wife or widow of the same husband, the rate of stamp duty shall be 4[Two] percent of the value of the property.

b) in any other case

5[One] percent of the value of the property. Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/- ; and

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-.]

34. INDEMNITY BOND

The same duty as on a Security Bond (No. 57) for the same amount.

1Substituted by the Punjab Finance Act 2010 (VI of 2010), published in the Punjab Gazette (Extraordinary), dated: 28 June 2010, pp. 3145-3150, s. 2: it came into force on 1 July 2010. It was earlier substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July

1995. It was earlier substituted by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975.

2Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.

3Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

4Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “three” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

5Substituted for the word "Three" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i).

Description of Instrument

Proper Stamp-duty

INSPECTORSHIP-DEED, See COMPOSITION- DEED (No. 22). INSURANCE- See POLICY OF INSURANCE (No. 47).

1[Note:

In case of registration of the instrument, an additional stamp duty of Rs.25/- shall be charged.]

35. 2[LEASE, including an under lease or sub-lease and any agreement to let or sub-let:

(1) whereby such lease the rent is fixed and no premium is paid or delivered:

(a) Where the lease purports to be for a term of less than twenty years:

3.25 percent of the average annual rent of the lease.

(b) Where the lease purports to be for a term of twenty years or above or in perpetuity:

(i) In case of immovable property in an urban area;

Two percent of the value of the immovable property or rental values whichever is higher

(ii) in any other case

Three percent of the value of the immovable property or rental value whichever is higher.

Note: An additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if amount of consideration exceeds Rs.500,000/-.

1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

Description of Instrument

Proper Stamp-duty

(i) in case of immovable property in an urban area; and

Two percent of the consideration equal to the amount of advance as set forth in the lease. Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if amount of consideration exceeds Rs.500,000/-.

(ii) in any other case

Three percent of the consideration equal to the amount of advance as set forth in the lease. Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-,if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if the

amount of

consideration

exceeds

Rs.500,000/-

(d) where the lease is granted for a fine or premium and where no rent is reserved:

Description of Instrument

Proper Stamp-duty

(i) in case of immovable property in an urban area; and

Two percent of the consideration equal to the amount of a fine or premium as set forth in the lease.

Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if amount of consideration exceeds Rs.500,000/-.

(ii) in any other case

Three percent of the consideration equal to the amount of advance as set forth in the lease. Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if

amount of

consideration

exceeds

Rs.500,000/-.

(2)(a) where the lease is granted for money advanced in addition to the rent reserved:

Description of Instrument

Proper Stamp-duty

(i) in case of immovable property in an urban area; and

Two percent of the consideration equal to the amount of advance as set forth in the lease, in addition to the duty which would have been payable on such lease, if no advance had been paid or delivered. Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-,if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if

amount of

consideration

exceeds

Rs.500,000/-.

Description of Instrument

Proper Stamp-duty

(ii) in any other case

Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/-, if the amount

of. Consideration does not exceeds Rs.500,000 /-; and

(b) Rs.1000/-, if amount of consideration exceeds Rs.500,000/-

(b) where the lease is granted for a fine or premium in addition to the rent reserved

Description of Instrument

Proper Stamp-duty

(i) in case of immovable property in an urban area; and

Note. In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/- if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/- if amount of consideration exceeds Rs.500,000/-

(ii) in any other case

Three percent of the consideration equal to the amount of advance as set forth in the lease, in addition to the duty which would have been payable on such lease, if no advance had been paid or delivered. Note: in case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs.500/- if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/- if amount of consideration exceeds Rs.500,000/-”.]

Description of Instrument

Proper Stamp-duty

36. 1[LETTER OF ALLOTMENT OF SHARES in any company or proposed company or in respect of any loan to be raised by any company or proposed company.

Fifty rupees]

See also CERTIFICATE OR OTHER DOCUMENT (No. 19).

2[37. LETTER OF CREDIT* * *

* * * * * * * * ]

38. LETTER OF LICENCE, that is to say, any agreement between a debtor and his creditors, that the letter shall, for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion.

3[One hundred] rupees. 4[39. MEMORANDUM OF ASSOCIATION OR A COMPANY * * * * *

* * * * * * * * * ]

40.

MORTGAGE-DEED not being an AGREEMENT RELATING TO DEPOSIT OF TITLE-DEEDS, PAWN OR PLEDGE (No. 6), BOTTOMERY BOND (No. 16), MORTGAGE OF A CROP (No. 41), RESPONDENTIA BOND (No. 56), OR SECURITY BOND (No. 57)–

(a) when possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given;

5[ 6[Three percent] of the] consideration equal to the amount secured by such

deed.

7[Note:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

2Deleted by the Punjab Finance Ordinance, 2000 (III of 2000), published in the Punjab Gazette (Extraordinary), dated: 30 June 2000, pp. 587-595, s. 2: it came into force on 1 July 2000: the said Ordinance was saved under Article 270AA of the Constitution of the Islamic Republic of Pakistan, as substituted by the Constitution (Eighteenth Amendment) Act, 2010 (X of 2010), published in the Gazette of Pakistan (Extraordinary), dated: 20 April 2010, pp. 267-316, s. 96.

3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier substituted for the word “Thirty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Thirty” was earlier substituted for the word “Twenty-five” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

4Deleted by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004,

pp. 1989-1992, s. 2: it came into force on 1 July 2004.

5Substituted ibid., for the expression “The same duty as on a Conveyance (No.23) for a”.

6Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.

7Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

Description of Instrument

Proper Stamp-duty

(a) Rs. 500/-, if the amount of consideration does not exceed Rs.500,000/-;

and

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-]

(b) when possession is not given or agreed to be given as aforesaid;

1[ 2[Three percent] of] the amount secured by such

deed.

Explanation.– A mortgagor who gives to the mortgagee a power of attorney to collect rents or a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this Article.

3[Note:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs. 500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-]

substituted security, or by

way of further assurance for the above mentioned purposes where the principal or primary security is duly stamped–

1Substituted for the expression “The same duty as on a Bond (No.15) for” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp. 1989-1992, s. 2: it came into force on 1 July 2004.

2Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.

3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

Description of Instrument

Proper Stamp-duty

for every sum secured not exceeding Rs. 1,000;

Ten rupees.

and for every Rs. 1,000 or part thereof secured in excess of Rs. 1,000.

Ten rupees.

1[Note:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs. 500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-]

2[(d)(i) mortgage with banking companies, that is to say, simple or legal mortgage for banking companies or other financial institutions, when the entire finance is not based on interest; and

3[(i) 0.45% of the loan amount subject to a maximum of 4[five hundred thousand] rupees; and

(ii) in any other case.

(ii) 0.45% of the loan amount.] ]

EXEMPTIONS

(1) Instruments, executed by persons taking advances under the Land Improvement Loans Act, 1883 5, or the 6West Pakistan Agriculturists Loans

Act, 1958 7, or by their sureties as security for the repayment of such advances.

(2) Letter of hypothecation accompanying a Bill of Exchange.

1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

2Inserted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, pp.

5027-5029, s. 3: it came into force on 1 July 2006.

3Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.

5XIX of 1883. 6Now „Punjab‟. See the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette (Extraordinary), dated: 20 November 1974, pp.1425-A to 1425-PP, Article 2 and the Schedule; it came into force on 14 August

1973. 7West Pakistan Act XVII of 1958.

Description of Instrument

Proper Stamp-duty

41. 1[MORTGAGE OF A CROP, including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop, whether the crop is or is not in existence at the time of mortgage-

(a) When the loan is repayable, not more than

three months from the date of the instrument.

0.5 percent of the loan amount subject to a minimum of one hundred rupees.

(b) When the loan is repayable more than three months, but not more than eighteen months from the date of the instrument.

2 percent of the loan amount subject to a minimum of one hundred rupees.] ]

42. 2[NOTARIAL ACT, that is to say, any instrument, endorsement, note, attestation, certificate or entry not being a PROTEST (No. 50) made or signed by a Notary Public in the execution of the duties of his office, or by any other person lawfully acting as a Notary Public.

Fifty rupees.]

See also PROTEST OF BILL OR NOTE (No.50).

Paragraph 43. NOTE OR MEMORANDUM SENT BY a broker or agent to his principal intimating the purchase or sale on account of such principal

(a) of any goods exceeding in value twenty rupees;

3[ 4[Five] rupees].

(b) of any stock or marketable security exceeding in value twenty rupees, not being a Government security;

5[ 6[Five] rupees] for every Rs.5,000 or part thereof of the value of the stock or security.

7[One rupee] for every 10,000 rupees or part thereof of the value of the security subject to a maximum of 1[Fifty] rupees.

1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

2Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

3Substituted for the words “Fifty paisas” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

4Substituted for the word “Two” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

5Substituted for the words “Twenty-five paisa” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

6Substituted for the word “Two” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

7Substituted for the words “Twenty-five paisa” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

Description of Instrument

Proper Stamp-duty

44. NOTE OF PROTEST BY THE MASTER OF A SHIP.

2[One hundred] rupees.

See also PROTEST BY MASTER OF A SHIP (No. 51) ORDER FOR THE PAYMENT OF MONEY. See BILL OF EXCHANGE (No. 13).

45. PARTITION-Instrument of [as defined by section 2 (15)].

3[ 4[One percent] of] the amount of the value of the separated share or shares of the property. Explanation.– The largest share remaining after the property is partitioned (or if there are two or more shares of equal value and not smaller than any of the other shares, than one of such equal shares) shall be deemed to be that from which other shares are separated:

Provided always that–

(a) when an instrument of partition containing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement, the duty chargeable upon the instrument affecting such partition shall be reduced by the amount of duty paid in respect of the first instrument but shall not be less than 5[one hundred rupees];

1Substituted for the word “forty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

Substituted for the word “Two percent” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

5Substituted for the words “four rupees” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp. 1989-1992, s. 2: it came into force on 1 July 2004.

Description of Instrument

Proper Stamp-duty

(b) where land is held on Revenue Settlement for a period not exceeding thirty years and paying the full assessment, the value for purpose of duty shall be calculated at not more than five times the annual revenue;

(c) where a final order for effecting a partition passed by any Revenue authority or any Civil Court, or an award by an arbitrator directing a partition, is stamped with the stamp required for an instrument of partition, and an

instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed 1[one hundred rupees].

1Substituted for the words “four rupees” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp. 1989-1992, s. 2: it came into force on 1 July 2004.

Description of Instrument

Proper Stamp-duty

1[(d) when instrument of partition is executed in respect of agricultural land, the Stamp Duty shall be charged as one rupee for every rupees one hundred or part thereof of the value of such land.] 2[Note:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs. 500/-, if the amount of consideration does not exceed

Rs. 500,000/-; and

(b) Rs.1000/-, if the amount of consideration exceeds

Rs. 500,000/-.] 3[Exception.– Notwithstanding anything contained herein, a fixed

stamp duty of five hundred rupees shall be charged in respect of an instrument of partition relating to an urban or rural property including agricultural land, which is partly or wholly based on opening of inheritance.]

Paragraph 46. PARTNERSHIP

A-INSTRUMENT OF–

(a) where the capital of the partnership does not exceed Rs. 4[10,000];

5[Two hundred rupees].

(b) in any other case

6[One thousand rupees].

1Added by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975,

pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 .

2Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

3Inserted by the Punjab Finance Act 2012 (XLI of 2012), published in the Punjab Gazette (Extraordinary), dated: 25 June 2012,

pp. 41719 -41724: it came into force on 1 July 2012.

4Substituted for the figure “500” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

5Substituted for the words “One hundred rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The words “One hundred” was earlier substituted for the words “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier

substituted for the word “Ten” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

6Ibid., for the words “Five hundred rupees”. The words “Five hundred” were earlier substituted for the words “Two hundred and fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp.

Description of Instrument

Proper Stamp-duty

B-DISSOLUTION OF–

1[Half of the Stamp duty payable on original].

PAWN OR PLEDGE– See AGREEMENT RELATING TO DEPOSIT OF TITLE-DEEDS, PAWN OR PLEDGE (No. 6)

2[Note:

In case of registration of the instrument, an additional

stamp duty of Rs.25/- shall be charged.]

47. 3[POLICY OF INSURANCE– A-See INSURANCE (see section 7)–

For each voyage–

if drawn singly. if drawn in duplicate, for each

part.

(i) where the premium or consideration does not exceed the rate of 1/8 percent of the amount insured by the policy;

Ten rupees Ten rupees

for every full sum of Rs. 5,000 and also any fractional parts thereof insured by the policy–;

(ii) in any other case, in respect of every full sum of Rs. 2,000 and also any fractional part thereof insured by the policy.

Ten rupees Ten rupees

(2) For time–

in respect of every full sum of Rs.2,000 or part thereof insured by the policy–

(i) where the insurance shall be made for any time not exceeding six months;

Ten rupees Ten rupees

(ii) where the insurance shall be made for any time exceeding six months and not exceeding twelve months.

Twenty rupees Ten rupees

B-FIRE-INSURANCE AND OTHER CLASSES OF INSURANCE, NOT ELSEWHERE INCLUDED IN THIS ARTICLE, COVERING GOODS, MERCHANDISE, PERSONAL EFFECTS, CROPS, AND OTHER PROPERTY AGAINST LOSS OR DAMAGE–

(1) in respect of an original policy–

103-112, s. 2: it came into force on 1 July 1995. The words “Two hundred and fifty” were earlier substituted for the word “Fifty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

1Substituted for the words “Twenty-five rupees” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

2Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

3Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

Description of Instrument

Proper Stamp-duty

(i) when the sum insured does not exceed Rs.5,000;

Fifty rupees

(ii) in any other case and

One hundred rupees

(2) in respect of each receipt for any payment of a premium on any renewal of an original policy.

One half of the duty payable in respect of the original policy in addition to the amount, if any, chargeable under No. 53.

C-ACCIDENT AND SICKNESS-INSURANCE–

(a) Against railway accident, valid for a single journey only.

Fifty rupees

Exemption

When issued to a passenger travelling by the intermediate or the third class in any railway.

(b) In any other case for the maximum amount which may become payable in the case of any single accident or sickness where such amount does not exceed Rs.2,000 and

Ten rupees; provided that, in case of a policy of insurance against death by accident when the annual premium payable does not exceed

Rs. 10 per Rs. 100,000 the duty on such instrument shall be ten

also where such amount exceeds Rs.2,000 for every Rs.2,000 or part thereof.

rupees for every Rs. 1,000 or part thereof of the maximum amount which may become payable under

it.

D-INSURANCE BY WAY OF INDEMNITY– Against liability to pay damages on account of accidents to workmen employed by or under the insurer or against liability to pay compensation under the Workmen‟s Compensation Act, 1923, for every Rs.100 or part thereof payable as premium.

Three rupees

E-LIFE INSURANCE OR OTHER INSURANCE NOT SPECIFICALLY PROVIDED FOR, except such a RE-INSURANCE as is described in Division of this article–

If drawn singly If drawn in duplicate for each part

(i) for every sum insured not exceeding Rs.250;

Ten rupees Ten rupees

(ii) for every sum insured exceeding Rs.250 but not exceeding Rs.500;

Ten rupees Ten rupees

(iii) for every sum insured exceeding Rs.500 but not exceeding Rs.1,000 and also for every Rs.1,000 or part thereof in excess of Rs.1,000.

Ten rupees Ten rupees

Exemption

Policies of life insurance granted by the Director-General of Post Offices in accordance with rules for Postal Life Insurance issued under the authority of the Federal Government.

Description of Instrument

Proper Stamp-duty

F-RE-INSURANCE BY AN INSURANCE COMPANY WHICH HAS GRANTED A POLICY OF THE NATURE SPECIFIED IN DIVISION A OR DIVISION B OF THIS ARTICLE WITH ANOTHER COMPANY BY WAY OF INDEMNITY OR GUARANTEE AGAINST THE PAYMENT ON THE ORIGINAL INSURANCE OF A CERTAIN PART OF THE SUM INSURED THEREBY.

One half of the duty payable in respect of the original insurance but not less than ten rupees or more than one hundred rupees.]

General Exemption

Letter of cover or engagement to issue a policy of insurance:

Provided that, unless such letter or engagement bears the stamp prescribed by this Act for such policy nothing shall be claimable thereunder, nor shall it be available for any purpose, except to compel the delivery of the policy therein mentioned.

Paragraph 48. POWER-OF-ATTORNEY as defined by section 2 (21), not being a proxy (No. 52)

1[(a) when executed for authorizing not more than ten persons;

2[ 3[Two thousand]] rupees. 4[Note:

In case of registration of the instrument, an additional

1Sub Articles (a) to (f) were substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

2Substituted for the words “One hundred” by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998.

3Substituted for the words “Five hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(f)(i).

4Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

Description of Instrument

Proper Stamp-duty

(b) when given for consideration and authorizing the attorney to sell any immovable property

1[(bb) when given without consideration for authorising the attorney to sell any immovable property.

stamp duty of Rs.25/- shall be charged.]

2[Three percent of the amount calculated according to the value notified by the District Collector]. 3[Note:

In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a) Rs. 500/-, if the amount of consideration does not exceed Rs. 500,000/-;

and

(b) Rs.1000/-, if the amount of consideration exceeds

Rs. 500,000/-.] 4[(a) 5[Three thousand] rupees in case the Power of Attorney is executed between spouses or between

1Added by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998.

2Substituted for the words “Three percent of the amount of the consideration” by the Punjab Finance Act 2016 (XXXV of 2016), published in the Punjab Gazette (Extraordinary), dated: 29 June 2016, pp. 6083-6092, s. 2: it came into force on 1 July 2016.

The words “Three percent” were earlier substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The words “Two percent of” were earlier substituted for the words “The same duty as is leviable on a Conveyance (No.23) for” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989- 1992, s.2; it came into force on 1 July 2004.

3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

4Substituted for the words “Twelve hundred rupees” by the Punjab Finance Act 2016 (XXXV of 2016), published in the Punjab Gazette (Extraordinary), dated: 29 June 2016, pp. 6083-6092, s.2: it came into force on 1 July 2016. The words “Twelve hundred rupees” were earlier substituted for the words “One thousand rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.

5Substituted for the words “Twelve hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(f)(ii).

Description of Instrument

Proper Stamp-duty

Explanation 1.– For the purposes of this Article more persons than one when belonging to the same firm shall be deemed to be one person. Explanation 2.– The term “Registration” includes every operation incidental to registration under the Registration Act, 1908

one wife or widow and another wife or widow of the same husband, or between father, mother, son, daughter, grandparents, grandchildren or siblings; and

(b) Two percent of the value calculated according to the value notified by the District Collector in all other cases.] 2[Note:

In case of registration of the instrument, an additional stamp duty of Rs.25/- shall be charged.] 3[One hundred] rupees for each person authorized]

49. 4[PROMISSORY NOTE as defined by section 2(22)–

(a) when payable on demand –

(i) when the amount or value does not exceed Rs. 2,50,000/-

Two hundred rupees

(ii) when the amount or value exceeds Rs. 2,50,000/- but does not exceed Rs. 5,00,000/-

Three hundred rupees

(iii) in any other case

Five hundred rupees

(b) when payable otherwise than on demand, including a commercial paper.

One-fiftieth of one percent, that is to say, 0.02% per annum of the amount payable subject to a maximum of one hundred thousand rupees.]

1XVI of 1908.

2Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

Description of Instrument

Proper Stamp-duty

50. 1[PROTEST OF BILL OR NOTE, that is to say, any declaration in writing made by a Notary Public, or other person lawfully acting as such, attesting the dishonour of a Bill of Exchange for promissory note.

One hundred rupees.]

51. PROTEST BY THE MASTER OF A SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages, and every declaration in writing made by him against the charterers or the consignees or not loading or un-loading the ship, such declaration is attested or

2[One Hundred] rupees.

certified by a Notary Public or other person lawfully acting as such. See also NOTE OF PROTEST BY THE MASTER OF A SHIP (No. 44).

52. 3[PROXY empowering any person to vote at any one election of the members of a district or local board or of a body of municipal commissioners, or at any one meeting of (a) members of an incorporated company or other body corporate whose stock or funds is or are divided into shares and transferable; (b) a local authority; or

Fifty rupees.]

53. 4[RECEIPTS as defined by section 2 (23) for any money or other property the amount or value of which exceeds twenty rupees–

(a) where such amount does not exceed ten thousand rupees

Ten rupees

(b) where such amount exceeds ten thousand rupees but does not exceed twenty thousand rupees

Twenty rupees

Fifty rupees]

Exemptions

Receipts–

1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier substituted for the word “Five” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Five” was earlier substituted for the word “Four” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

3Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018.

4Ibid.

Description of Instrument

Proper Stamp-duty

(a) endorsed on or contained in any instrument duly stamped or any instrument exempted under the proviso to section 3 (instruments executed on behalf of the Government) or any cheque or bill of exchange, payable on demand acknowledging the receipt of the consideration money therein expressed, or the receipt of any principal-money, interest or annuity, or other periodical payment thereby secured;

(b) for any payment of money without consideration;

(d) for pay or allowances by non- commissioned or petty officers, soldiers, sailors or airmen of the armed forces of Pakistan/Pakistan‟s military, naval or air forces, when serving in such capacity, or by mounted police-constables;

(e) given by holders of family-certificates in cases where the person from whose pay or allowances the sum comprised in the receipt has been assigned as a non- commissioned or petty officer, soldier, sailor or airman, or any of the said forces and serving in such capacity;

(f) for pensions or allowances by persons receiving such pensions or allowances in respect of their services as such, non- commissioned or petty officers, soldiers, sailors or airmen, and not serving the State in any other capacity;

(g) given by a headman or lambardar for land- revenue or taxes collected by him;

(h) given for money or securities for money deposited in the hands of any banker to be accounted for:

Provided that the same is not expressed to be received of, or by the hands of, any other than the person to whom the same is to be accounted for:

Provided also that this exemption shall not extend to receipt or acknowledgment for any sum paid or deposited for, or upon a letter of allotment of a share, or in respect of a call upon any scrip or share of, or in, any incorporated company or other body corporate or such proposed or intended company or body or in respect of a debenture being a marketable security.

Description of Instrument

Proper Stamp-duty

54. RE-CONVEYANCE OF MORTGAGE PROPERTY–

(a) 1[* * * * *]

2[* * * * *].

(b) 3[* * * * *]

4[One 5[thousand]] rupees.

6[Note:

in case of the registration of the instrument, an additional stamp duty shall be charged equal to the amount of the registration fee paid on the principal mortgage deed.]

1 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

2 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier Substituted for the expression “The same duty as on a Bond (No.15) for the amount of such consideration as set forth in the re-conveyance” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

3 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

4Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp.

1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

5Substituted for the word “hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(g).

6Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

Description of Instrument

Proper Stamp-duty 1[55. RELEASE, that is to say any instrument not being such a release as is provided for by section 23A whereby a person renounces a claim on another person or against any specified property.

(a) When executed between spouses or between one wife or widow of the same husband or between father, mother, son, daughter, grandparents, grandchildren, or sibling.

(i) In case of immovable property in an urban

area.

(ii) In case of immovable property in rural area.

(b) In any other case

(i) In case of immovable property in an urban

area.

(ii) In case of immovable property in rural area.

2[2] percent of the value of the share of the immovable property over which the claim is renounced. 3[1] percent of the value of the share of the immovable property over which the claim is renounced. 4[2] percent of the value of the share of the immovable property over which the claim is renounced. 5[1] percent of the value of the share of the immovable property over which the claim is renounced. Note: In case of registration of the instrument:

(a) Rs.500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if the

amount of

consideration

exceeds

Rs.500,000/-”.]

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33. It was earlier, substituted by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

Substituted for the figure “1” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2.

3Substituted for the figure "3" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (ii)a.

Substituted for the figure “1” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2.

5Substituted for the figure "3" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (ii)b.

Description of Instrument

Proper Stamp-duty

56. RESPONDENTIA BOND, that is to say, any instrument securing a loan on the cargo laden or to be laden on board a ship and making repayment contingent on the arrival of the cargo at the port of destination.

The same duty as on a Bond (No. 15) for the amount of the loan secured.

REVOCATION OF ARMY TRUST OR SETTLEMENT.

See SETTLEMENT (No. 58), TRUST (No. 64).

1[Note:

In case of registration of the instrument, an additional stamp duty of Rs.25/- shall be charged.]

57. SECURITY BOND OR MORTGAGE DEED executed by way of security for the due execution of an office, or to account for money or other property received by virtue thereof or executed in favour of a Court for the due discharge of a contingent liability or executed by a surety to secure the due performance of a contract–

(a) when the amount secured does not exceed

Rs. 1,000;

2[Thirty rupees].

(b) in any other case.

3[One hundred] rupees.

EXEMPTIONS

Bond or other instrument, when executed–

(a) by any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per mensem;

(b) under No. 3-A of the rules made by the Provincial Government under section 70 of the Sind Irrigation Act, 1879 4;

(c) executed by persons taking advances under the Land Improvement Loans Act, 1883 5, or the 1[Punjab] Agriculturists Loans Act, 1958 2, or by their sureties, as security for repayment of such advances;

1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

2Substituted for “The same duty as on a Bond (No.15) for the amount secured” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

3Ibid., for the word “Fifty”. The word “Fifty” was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 4Sindh VII of 1879. 5XIX of 1883.

Description of Instrument

Proper Stamp-duty

(d) executed by servants of the State or their sureties to secure the due execution of an office or the due accounting for money or other property received by virtue thereof.

3[Note:

In case of registration of the instruments, an additional stamp duty of Rs.25/- shall be charged.]

Paragraph 58. SETTLEMENT

A-Instrument of (including a deed of dower)–

4[(i) Where the settlement is made in favour of legal

5[ 6[One] percent] of the value of the property.]

heirs in respect of agricultural land.

7[(ii)] where the settlement is made for a religious or charitable purpose;

8[ 9[ 10[One] percent] of the] sum equal to the amount or value of the property settled.

1Substituted by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette (Extraordinary), dated: 20 November 1974, pp.1425-A to 1425-PP, Article 2 and the Schedule: it came into force on 14 August

1973. 2West Pakistan Act XVII of 1958.

3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

4Inserted by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975,

pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 .

5Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The words “Two percent” were earlier substituted for the words “Two rupees for every one hundred rupees or part thereof” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004.The words “Two rupees” were earlier substituted for the words “One rupee” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp.

103-112, s. 2: it came into force on 1 July 1995. 6

Substituted for the word “Three” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

7Renumbered by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 .

8Substituted for the words “The same duty as on a Bond (No.15) for a” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004.

9Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.

10Substituted for the word “Three” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

Description of Instrument

Proper Stamp-duty

1[(iii)] in any other case

2[ 3[ 4[One] percent] of the] consideration equal to the amount or value of the property settled:

Provided that, where an agreement to settle is stamped with the stamp required for an instrument of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed, the duty on such instrument shall not exceed 5[one hundred rupees]:

Provided further that, where an instrument of settlement contains any provision for the revocation

of the settlement, the amount or value of the property settled shall, for the purposes of duty, be determined as if no such provisions were contained in the instrument.

EXEMPTIONS

Deed of dower executed on the occasion of a marriage between Muslims.

B-Revocation of–

6[ 7[One] percent of the] consideration equal to the amount or value of the property concerned, as set forth in the instrument of Revocation but not exceeding 8[one hundred rupees].

1Renumbered by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 .

2Substituted for the words “The same duty as is leviable on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July

2004.

3Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.

4Substituted for the word “Three” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

5Substituted for the words “four rupees” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004.

6Substituted for the words “The same duty as is leviable on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July

2004.

7Substituted for the word “Two” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

8Ibid. for the words “fifty rupees”.

Description of Instrument

Proper Stamp-duty

Paragraph 61. SURRENDER OF LEASE

6[* * * * *]

1[* * * * *]

1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017. 2VII of 1913, Now the Companies Act, 2017 (XIX of 2017): it repealed the Companies Ordinance, 1984 (XLVII of 1984); the 1984 Ordinance repealed the Companies Act, 1913 (VII of 1913); the 1913 Act repealed the Indian Companies Act, 1882; the 1882 Act repealed the Indian Companies Act, 1866; the 1866 Act repealed the Joint Stock Companies Act, 1857; and, the 1857 Act repealed the Joint Stock Companies Act, 1850 (XLIII of 1850).

3Ibid.

4Substituted for the words “Twenty-five paisa” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

5Substituted for the word “Two” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995.

6Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

Description of Instrument

Proper Stamp-duty

2[* * * * *]

3[One 4[thousand]] rupees.

EXEMPTIONS

Surrender of lease, when such lease exempted from duty.

5[Note: An additional stamp duty at the rate of 5/8th of the stamp duty which was paid on the original lease deed.]

62. TRANSFER (Whether with or without consideration)–

(a) of shares in an incorporated company or other body corporate;

One-fourth of the duty payable on a conveyance(No.

23) for a consideration equal to the value of the share.

6[(b) of Debenture or Participation Term Certificate or Term Finance Certificate or any other instrument of redeemable capital (other than Commercial Paper), whether mortgaged or not, being a transferable security, whether liable

One-tenth of one percent, that is to say, 0.1% of the face value of the instrument.]

to duty or not except as provided for by section 8; and

(i) if the duty on such bond, mortgage- deed or policy does not exceed twenty rupees;

The duty with which such bond mortgage-deed or policy of insurance is chargeable.

(ii) in any other case

7[One hundred] rupees.

(d) of any property under the Administrator- General‟s Act, 1913 8, section 31;

9[One hundred] rupees.

1Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

3Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp.

1165-A to 1165-G, s. 2: it came into force on 1 July 1990.

4Substituted for the word “hundred” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(h).

5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017,

pp. 8235-8250, s. 2: it came into force on 1 July 2017.

6Substituted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006,

pp. 5027-5029, s. 3: it came into force on 1 July 2006.

7 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

8III of 1913.

9 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.It was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July

1990.

Description of Instrument

Proper Stamp-duty

(e) of any trust-property without consideration from one trustee to another trustee or from a trustee to a beneficiary.

1[One hundred rupees] or such smaller amount as may be chargeable under clauses

(a) to (c) of this Article.

2[(f) of a promissory note, including a commercial paper, when payable otherwise than on demand.

Nil.]

EXEMPTIONS Transfers by endorsement–

(a) of a bill of exchange, cheque or promissory note;

(b) of a bill of lading, delivery order, warrant for goods, or other mercantile document of title to goods;

(d) of securities of the 3[Federal Government]. See also section 8–

63. 4[TRANSFER OF LEASE by way of assignment and not by way of under-lease:

(i) in case of immovable property in an urban area; and

(ii) in any other case.

5[Two] percent of the amount of consideration for the transfer. 6[One] percent of the amount of consideration for the transfer. Note: In case of registration of the instrument, an additional stamp duty shall be charged as under:

(a)

Rs. 500/-, if the amount of consideration does not exceed Rs.500,000/-; and

(b) Rs.1000/-, if the amount of consideration exceeds Rs.500,000/-

1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

2Inserted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, pp.

5027-5029, s. 3: it came into force on 1 July 2006.

3Substituted for the words “Central Government” by the Federal Adaptation of Laws Order, 1975 (P. O. No. 4 of 1975), published in the Gazette of Pakistan (Extraordinary), dated: 1 August 1975, pp. 435-467, Article 2 read with the Table of General Adaptations.

4Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.

6Substituted for the word "Three" by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i).

Description of Instrument

Proper Stamp-duty

Exemption:

Transfer of any lease exempt from duty.]

1[63-A 2[(i) An instrument of transfer of a right or interest relating to an immovable property or an acknowledgement of such transfer, by a development authority, housing authority or a statutory body. Explanation-I. In cases where allotment is to be made consequent upon payment of the installments or transfer of a right or interest is made by original allottee before the payment of the last installment, stamp duty shall be charged at the time of transfer whichever is earlier. Explanation-II. Transfer or allotment made through auction by a development authority is not entitled to an exemption from the payment of stamp duty.

(ii) An instrument of transfer of right or interest relating to an immovable property or an acknowledgment of such transfer by a cooperative housing society. Explanation-I. First time allotment is exempted from the payment of stamp

duty. However, transfer/ allotment made through open auction is not entitled to the exemption from the payment of stamp duty. Explanation-II. Transfer of a right or interest includes transfer made through electronic form and open transfer letter.”]

3[4[Two] percent of the value of the property.]

1Inserted by the Punjab Finance Act 2008 (I of 2008), published in the Punjab Gazette (Extraordinary), dated: 27 June 2008, pp.

4033-4035, s. 3: it came into force on 1 July 2008. It was earlier deleted by the Punjab Finance Ordinance, 2000 (III of 2000), published in the Punjab Gazette (Extraordinary), dated: 30 June 2000, pp. 587-595, s. 2: it came into force on 1 July 2000. It was earlier added by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998.

2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 October 2021, pp,1301-1311 s.33.

3Substituted by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2.

Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24th June 2022, pp. 6339-6345, s.2.

Description of Instrument

Proper Stamp-duty

Paragraph 64. TRUST

A. Declaration of–of, or concerning any property

The same duty as on a Bond (No. 15) for a sum

when made by any writing not being a WILL.

equal to the amount or value of the property concerned as set forth in the instrument but not exceeding 1[Two hundred rupees].

B. Revocation of–of, or concerning any property when made by any instrument other than a WILL.

The same duty as on a Bond (No. 15) for a sum equal to the amount or value of the property concerned as set forth in the instrument but not exceeding 2[Two hundred rupees].

1[SCHEDULE II.–

Enactments repealed]

1Repealed by the Repealing and Amending Act, 1914 (X of 1914), published in the Gazette of India, Part IV, dated: 21 March 1914, pp. 47-59, s. 3 read with the Second Schedule.

Print contents from the source

CONTENTS
CHAPTER I
Preliminary
1. Short title, extent and commencement
2. Definitions
CHAPTER II
Stamp-duties
A.–Of the Liability of Instruments to Duty
3. Instruments chargeable with duty
4. Several instruments used in single transaction of sale, mortgage or
settlement
5. Instruments relating to several distinct matters
6. Instruments coming within several descriptions in Schedule I
7. Policies of sea-insurance
8. Bonds, debentures or other securities i ssued on loans under Act XI,
1879
9. Power to reduce, remit or compound duties
9-A. Power of 1[Government] to exempt certain instruments
B.–Of Stamps and the mode of using them
10. Duties how to be paid
11. Use of adhesive stamps
12. Cancellation of adhesive stamps
13. Instruments stamped with impressed stamps how to be written
14. Only one instrument to be on same stamp
15. Instrument written contrary to section 13 or 14 deemed unstamped
16. Denoting Duty

1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01
October 2021, pp,1301-1311 s.2
C.–Of the time of stamping Instruments
17. Instruments executed in Pakistan
18. Instruments other than bills, and notes executed out of Pakistan
19. Bills, and notes drawn out of Pakistan
D.–Of Valuations for duty
20. Conversion of amount expressed in foreign currencies
21. Stock and marketable securities how to be valued
22. Effect of statement of rate of exchange or average price
23. Instruments reserving interest
23-A. Certain instruments connected with mortgages of marketable securities
to be chargeable as agreements
24. How transfer in consideration of debt, or subject to future payment, etc.,
to be charged
25. Valuation in case of annuity, etc
26. Stamp where value of subject-matter is indeterminate
27. Facts affecting duty to be set forth in instrument
27-A. Value of immovable property
28. Direction as to duty in case of certain conveyances
E.–Duty by whom payable
29. Duties by whom payable
30. Obligation to give receipt in certain cases
CHAPTER III
Adjudication as to Stamps
31. Adjudication as to proper stamp
32. Certificate by Collector
32A. Certificate of designated officer
CHAPTER IV
Instruments not duly Stamped
33. Examination and impounding of instruments
34. Special provision as to unstamped receipts
35. Instruments not duly stamped inadmissible in evidence, etc
36. Admission of instrument where not to be questioned
37. Admission of improperly stamped instruments
38. Instruments impounded how dealt with
39. Collector’s power to refund penalty paid under section 38, sub -section
(1)
40. Collector’s power to stamp instruments impounded
41. Instruments unduly stamped by accident
42. Endorsement of instruments on which duty has been paid under section
35, 40 or 41
43. Prosecution for offence against Stamp-law
44. Persons paying duty or penalty may recover same in certain cases
45. Power of Revenue Authority to refund penalty or excess duty in certain
cases
46. Non-liability for loss of instruments sent under section 38
47. Power of payer to stamp bills and promissory notes received by him
unstamped
48. Recovery of duties and penalties
CHAPTER V
Allowances for Stamps in Certain Cases
49. Allowance for spoiled stamps
50. Application for relief under section 49 when to be made
50-A. Refund of stamp
51. Allowance in case of printed forms no longer required by Corporations
52. Allowance for misused stamps
53. Allowance for spoiled or misused stamps how to be made
54. Allowance for stamps not required for use
55. Allowance on renewal of certain debentures
CHAPTER VI
Reference and Revision
56. Control of, and statement of case to, Chief Revenue Authority
57. Statement of case by Chief Revenue Authority to High Court
58. Power of High Court to call for further particulars as to case stated
59. Procedure in disposing of case stated
60. Statement of case by other Courts to High Court
61. Revision of ce rtain decisions of Courts regarding the sufficiency of
stamps
CHAPTER VII
Criminal Offences and Procedure
62. Penalty for executing, etc., instrument not duly stamped
63. Penalty for failure to cancel adhesive stamp
64. Penalty for omission to comply with provisions of section 27
64A. Punishment for omission to comply with the provision of the Act
65. Penalty for refusal to give receipt, and for devices to evade duty on
receipts
66. Penalty for not making out policy or making one not duly stamped
67. Penalty for not drawing full number of bills or marine policies purporting
to be in sets
68. Penalty for po st-dating bills, and for other devices to defraud the
revenue
69. Penalty for breach of rule relating to sale of stamps and for unauthorized
sale
70. Institution and conduct of prosecutions
71. Jurisdiction of Magistrates
72. Place of trial
CHAPTER VIII
Supplemental Provisions
73. Books, etc., to be open to inspection
74. Power to make rules relating to sale of stamps
75. Power to make rules
76. Publication of rules
76A. Delegation of certain powers
77. Savings as to court-fees
78. Act to be translated and sold cheaply
79. Repealed

Compare the original stored transcription

Exact source transcription retained, including print layout and extraction artifacts. Text SHA-256: b1bac102fe4c409bf88edda666714925cc05887b4c4586866004190314d8c437.

THE STAMP ACT, 1899 
(II of 1899) 
CONTENTS 
CHAPTER I 
Preliminary 
1. Short title, extent and commencement 
2. Definitions 
CHAPTER II 
Stamp-duties 
A.–Of the Liability of Instruments to Duty 
3. Instruments chargeable with duty 
4. Several instruments used in single transaction of sale, mortgage or 
settlement 
5. Instruments relating to several distinct matters 
6. Instruments coming within several descriptions in Schedule I 
7. Policies of sea-insurance 
8. Bonds, debentures or other securities i ssued on loans under Act XI, 
1879 
9. Power to reduce, remit or compound duties 
9-A. Power of 1[Government] to exempt certain instruments 
B.–Of Stamps and the mode of using them 
 10. Duties how to be paid 
 11. Use of adhesive stamps 
 12. Cancellation of adhesive stamps 
 13. Instruments stamped with impressed stamps how to be written 
 14. Only one instrument to be on same stamp 
 15. Instrument written contrary to section 13 or 14 deemed unstamped 
 16. Denoting Duty 
                                                
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2 
C.–Of the time of stamping Instruments 
 17. Instruments executed in Pakistan 
 18. Instruments other than bills, and notes executed out of Pakistan 
 19. Bills, and notes drawn out of Pakistan 
D.–Of Valuations for duty 
 20. Conversion of amount expressed in foreign currencies 
 21. Stock and marketable securities how to be valued 
 22. Effect of statement of rate of exchange or average price 
 23. Instruments reserving interest 
23-A. Certain instruments connected with mortgages of marketable securities 
to be chargeable as agreements 
24. How transfer in consideration of debt, or subject to future payment, etc., 
to be charged 
25. Valuation in case of annuity, etc 
26. Stamp where value of subject-matter is indeterminate 
27. Facts affecting duty to be set forth in instrument 
27-A. Value of immovable property 
28.  Direction as to duty in case of certain conveyances 
E.–Duty by whom payable 
29. Duties by whom payable 
30. Obligation to give receipt in certain cases 
CHAPTER III 
Adjudication as to Stamps 
31. Adjudication as to proper stamp 
32. Certificate by Collector 
32A. Certificate of designated officer 
CHAPTER IV 
Instruments not duly Stamped 
33. Examination and impounding of instruments 
34. Special provision as to unstamped receipts 
35. Instruments not duly stamped inadmissible in evidence, etc 
36. Admission of instrument where not to be questioned 
37. Admission of improperly stamped instruments 
38. Instruments impounded how dealt with 
39. Collector’s power to refund penalty paid under section 38, sub -section 
(1) 
40. Collector’s power to stamp instruments impounded 
41. Instruments unduly stamped by accident 
42. Endorsement of instruments on which duty has been paid under section 
35, 40 or 41 
43. Prosecution for offence against Stamp-law 
44. Persons paying duty or penalty may recover same in certain cases 
45. Power of Revenue Authority to refund penalty or excess duty in certain 
cases 
46. Non-liability for loss of instruments sent under section 38 
47. Power of payer to stamp bills and promissory notes received by him 
unstamped 
48. Recovery of duties and penalties 
CHAPTER V 
Allowances for Stamps in Certain Cases 
49. Allowance for spoiled stamps 
50. Application for relief under section 49 when to be made 
50-A. Refund of stamp 
51. Allowance in case of printed forms no longer required by Corporations 
52. Allowance for misused stamps 
53. Allowance for spoiled or misused stamps how to be made 
54. Allowance for stamps not required for use 
55. Allowance on renewal of certain debentures 
CHAPTER VI 
Reference and Revision 
56. Control of, and statement of case to, Chief Revenue Authority 
57. Statement of case by Chief Revenue Authority to High Court 
58. Power of High Court to call for further particulars as to case stated 
59. Procedure in disposing of case stated 
60. Statement of case by other Courts to High Court 
61. Revision of ce rtain decisions of Courts regarding the sufficiency of 
stamps 
CHAPTER VII 
Criminal Offences and Procedure 
62. Penalty for executing, etc., instrument not duly stamped 
63. Penalty for failure to cancel adhesive stamp 
64. Penalty for omission to comply with provisions of section 27 
64A. Punishment for omission to comply with the provision of the Act 
65. Penalty for refusal to give receipt, and for devices to evade duty on 
receipts 
66. Penalty for not making out policy or making one not duly stamped 
67. Penalty for not drawing full number of bills or marine policies purporting 
to be in sets 
68. Penalty for po st-dating bills, and for other devices to defraud the 
revenue 
69. Penalty for breach of rule relating to sale of stamps and for unauthorized 
sale 
70. Institution and conduct of prosecutions 
71. Jurisdiction of Magistrates 
72. Place of trial 
CHAPTER VIII 
Supplemental Provisions 
73. Books, etc., to be open to inspection 
74. Power to make rules relating to sale of stamps 
75. Power to make rules 
76. Publication of rules 
76A. Delegation of certain powers 
77. Savings as to court-fees 
78. Act to be translated and sold cheaply 
79. Repealed 
SCHEDULE I 
(Stamp-Duty on Instruments) 
SCHEDULE II 
(Repealed) 
 
 
TEXT 
1
THE STAMP ACT, 1899 
(II of 1899) 
 [27 January, 1899] 
An 
Act 
to consolidate and amend the law relating to Stamps. 
WHEREAS it is expedient to consolidate and amend the law relating to Stamps; It is 
hereby enacted as follows:– 
CHAPTER I 
Preliminary 
1.  Short title, extent and commencement.– (1) This Act may be called the 
2
[*] Stamp 
Act, 1899. 
3
[(2) It extends to the whole of 
4
[the Punjab].] 
(3)  It shall come into force on the first day of July, 1899. 
                                                
1This Act was published in the Gazette of India, dated: 28 January 1899, pp. 3 -36. For Statement of Objects and Reasons, see 
Gazette of India, 1897, Part V, p. 175, for Report of the Select Committee, see ibid., 1898, Part V, p. 231; and, for Proceedings 
in Council, see ibid., 1898, Part VI, pp. 10 and 278; and ibid., 1899, Part VI, p. 5. 
The Act was amended in its application to:– 
(1) the Punjab and the N.W.F.P (now KPK) by the Indian Stamp (Punjab Amendment) Act, 1922 (Punjab VIII of 1922), the 
Indian Stamp (Punjab Amendment) Act, 1924 (Punjab I of 1924) and the Indian Stamp (N.W.F.P. Amendment) Act, 1948 
(N.W.F.P. Act XV of 1948);  see also the Punjab Stamp (Amendment) Act, 1935 (Punjab I of 1935), Punjab Act XIV of 1948, 
section 2 and Act XI of 1949, section 2, applying only to the Punjab; (2) Sind, by the Indian Stamp (Sind Amendment) Act, 1938 
(Sind XII of 1938); (3) Capital of t he Federation, by the Finance Act, 1952 (V of 1952); and (4) the Province of West Pakistan 
(except the Capital of the Federation) by the West Pakistan (Adaptation and Repeal of Laws) Act, 1957 (XVI of 1957), section 
3(3) and 3rd Schedule (with effect from 14 October 1955). 
It was applied to Phulera in the Excluded Area of Upper Tanawal to the extent the Act is applicable in the N.W.F.P (now KPK),  
subject to certain modifications, and extended to the Excluded Area of Upper Tanawal (N.W.F.P) other than Phulera with effect 
from such date and subject to such modifications as may be notified , see N.W.F.P. (Upper Tanawal Excluded Area) Laws 
Regulation, 1950. 
This Act and all rules, notifications, declaration and orders made under it which were in force immediately before the first day of 
April, 1952, were extended to and brought into force in the State of Bahawalpur, see the Bahawalpur (Extension of Laws) 
Order, 1952 (G.G.O. II of 1952). 
It was also extended to Khairpur State, see the Khairpur (Federal Laws) (Second Extension) Order, 1953 (G.G.O. XV of 1953). 
It was extended to the Leased Areas of Baluchistan, see the Leased Areas (Laws) Order, 1950 (G.G.O. III of 1950); applied in 
the Federated Areas of Baluchistan, see Gazette of India, 1937, Part I, p. 1499. 
It was also extended to the Baluchistan States Union, see G.G.O. XVIII of 1953. 
This Act was amended in its applications to the Province of West Pakistan by the Stamp (West Pakistan Amendment) 
Ordinance, 1959 (XLVI of 1959) (with effect from the 15 August 1959). 
It was further amended in its application to the Province of West Pakistan  by the Stamp (West Pakistan Amendment) Act, 1964 
(II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 1. 
2The word “Indi an” was omitted by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O.  No.  4  of  1949), 
published  in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read with the Schedule. 
3Substituted by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; 
and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second 
Schedule: it came into force on 14 October 1955. It was earlier substituted by the Adaptation of Central Acts and Ordinances 
Order, 1949 (G.G.O.  No.  4  of  1949), published  in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223 -
283, Article 3 read with the Schedule. 
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.3 
2. Definitions.– In this Act, unless there is something repugnant in the subject or 
context– 
 1[(1)    “assignable deed” means an instrument whereby a person assigns his rights, 
title, and interest  in an immovable property situated in urban or rural areas, to another 
person by entitling him to reassign or transfer such rights, title and interest in favour of 
another person or his own name;] 
2[(1A)] “banker” includes a bank and any person acting as a banker; 
(2) “bill of exchange” means a bill of  exchange as defined by the Negotiable 
Instruments Act, 1881
3
, and includes also a hundi, and any other document entitling or 
purporting to entitle any person, whether named therein or not, to payment by any other 
person of, or to draw upon any other person for, any sum of money: 
(3) “bill of exchange payable on demand” includes– 
(a) an order for the payment of any sum of money by a bill of exchange or 
promissory note, or for the delivery of any bill of exchange or promissory note 
in satisfaction of any sum  of money, or for the payment of any sum of money 
out of any particular fund which may or may not be available, or upon any 
condition or contingency which may or may not be performed or happen; 
(b) an order for the payment of any sum of money weekly, month ly, or at any 
other stated periods; and 
(c) a letter of credit, that is to say, any instrument by which one person 
authorizes another to give credit to the person in whose favour it is drawn: 
(4) “bill of lading” includes a “through bill of lading,” but does not include a mate‟s 
receipt: 
4
[(4A) Board of Revenue” means the Board of Revenue established under the 
Punjab Board of Revenue Act, 1957 (XI of 1957);] 
(5) “bond” includes– 
(a) any instrument whereby a person obliges himself to pay money to another, on 
condition that the obligation shall be void if a specified act is performed, or is 
not performed, as the case may be; 
(b) any instrument attested by a witness and not payable to order or bearer 
whereby a person obliges himself to pay money to another; and 
(c) any instrument so attested, whereby a person obliges himself to deliver grain 
or other agricultural produce to another: 
(6) “chargeable” means, as applied to an instrument executed or first executed 
after the commencement of this Act, chargeable under this Act, and, as applied to any other 
instruments chargeable under the law in force in 
5
[Pakistan] when such instrument was 
executed or, where several persons executed the instrument at different times, first executed: 
                                                
1Added by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Ga zette (Extraordinary), dated: 06 May 
2026, pp,5839-5840 s.2 (b).  
2Renumbered by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 
May 2026, pp,5839-5840 s.2 (a). 
3XXVI of 1881. 
4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 202 1), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4 
5Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assen ted to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “ British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
(7) “cheque” means a bill of exchan ge drawn on a specified banker and not 
expressed to be payable otherwise than on demand: 
1
[(8) “Chief Controlling Revenue-authority” means the Senior Member of the Board 
of Revenue.] 
2
[(9) “Collector” means the Collector of a District appointed under the P unjab Land 
Revenue Act, 1967 (XVII of 1967) and includes an officer authorized by the Government to 
exercise the powers of the Collector;] 
3
[(9-A) “Commissioner” means a Commissioner of a Division appointed under the 
Punjab Land Revenue Act, 1967 (XVII of 1967) and includes an Additional Commissioner;]   
(10) “conveyance” includes a conveyance on sale and every instrument by which 
property, whether moveable or immoveable, is transferred inter vivos  and which is not 
otherwise specifically provided for by Schedule I: 
4
[(11) “duly stamped” means affixation of an adhesive or impressed stamp or e -
stamp of not less than the requisite amount and that the stamp has been legally affixed, 
used or electronically generated;] 
5
[(11A) “electronic” includes electrical, dig ital, magnetic, optical, biometric, 
electrochemical, wireless or electromagnetic technology;] 
6
[(11B) “e-stamp” means a paper printed or partially printed containing a bar code or 
having any of  its unique identification code and such other information, as  may be specified 
by the rules, to be generated and printed, on deposit of money equivalent to chargeable 
stamp duty in the account of the Government;] 
(12) “executed” and “execution”, used with reference to instruments, mean 
“signed” and “signature”: 
7
[(12A) “Government” means Government of the Punjab] 
8
[(13) “impressed stamp” includes–  
(a) the label affixed and impressed by the proper officer; 
(b) the stamp embossed or engraved on a stamp paper; and 
                                                
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp, 1301-1311 s.4. It was earlier  omitted by the Government of India (Adaptation of Indian Laws) Order, 1937, 
published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
2Substituted by the Punjab Laws (Amendment) Act 2011 (VI of 2011), published in the Punjab Gazette (Extraordinary), dated: 
14 April 2011, pp. 4043 -4047, s. 5: it came into force o n 20 April 2011, vide notification published in the Punjab Gazette 
(Extraordinary), dated: 16 April 2011, p. 4081. It was earlier substituted by the Stamp (Punjab Amendment) Ordinance, 2001 
(XXXIV of 2001), published in the Punjab Gazette (Extraordinary), dated: 1 November 2001, pp. 1763 -1764, s. 2: it came into 
force on 14 August 2001: the said Ordinance was saved under Article 270AA of the Constitution of the Islamic Republic of 
Pakistan, as substituted by the Constitution (Eighteenth Amendment) Act, 2010  (X of 2010), published in the Gazette of 
Pakistan (Extraordinary), dated: 20 April 2010, pp. 267-316, s. 96. 
3Inserted by the Punjab Laws (Amendment) Act 2011 (VI of 2011), published in the Punjab Gazette (Extraordinary), dated: 14 
April 2011, pp. 4043 -4047, s. 5: it came into force on 20 April 2011, vide notification published in the Punjab Gazette 
(Extraordinary), dated: 16 April 2011, p. 4081. 
4Substituted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary) , dated: 26 
June 2015, pp. 7375-7376, s. 2. 
5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4. 
6Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 
June 2015, pp. 7375-7376, s. 2. 
7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp, 1301-1311 s.4. It was earl ier omitted by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 
1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 4. It was inserted by 
the Government of India (Adaptation of Indian Laws) O rder, 1937, published in the Gazette of India (Extraordinary), dated: 1 
April 1937, pp. 75-344, Article 3 read with the First Schedule. 
8Substituted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 
June 2015, pp. 7375-7376, s. 2. 
(c) an e-stamp.] 
(14) “instrument” includes every document by which  any right or liability is, or 
purports to be, created, transferred, limited, extended, extinguished or recorded 
1
[and 
includes any instrument executed in electronic form]: 
(15) “instrument of partition” means any instrument whereby co -owners of any 
property divide or agree to divide such property in severalty, and includes also a final order for 
effecting a partition passed by any Revenue-authority or any Civil Court and an award by an 
arbitrator directing a partition: 
(16) “lease” means a lease of immoveable property, and includes also– 
(a) a patta; 
(b) a kabuliyat or other undertaking in writing, not being a counterpart of a lease, 
to cultivate, occupy or pay or deliver rent for, immoveable property; 
(c) any instrument by which tolls of any description are let; 
(d) any writing on an application for a lease intended to signify that the 
application is granted: 
2
[(16A) “marketable security” means a security of such a  description  asto be 
capable of being sold in any stock market in 
3
[Pakistan] or in the United Kingdom:] 
(17) “mortgage-deed” includes every instrument whereby, for the purpose of securing 
money advanced, or to be advanced, by way of loan, or an existing or future debt, or the 
performance of an engagement, one person transfers, or creates, to or in favour of, another, a 
right over or in respect of specified property: 
4
[(17A) “multi-storey” means a building having more than three storeys including 
basement;] 
(18) “paper” includes vellum, parchment or any other material on which an 
instrument may be written: 
(19) “policy of insurance” includes– 
(a) any instrument by which one person, in consideration of a premium, engages 
to indemnify another against loss, damage  
or liability arising from an unknown or contingent event; 
(b) a life-policy, and any policy insuring any person against accident or sickness, 
and any other personal insurance: 
5
[*] 
6
[(c) *  *  *  *  *  *  *  *  *  *  * * * * * * * * * * *   ] 
(20) “policy of sea-insurance” or “sea-policy”– 
                                                
1Inserted ibid. 
2Inserted by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its 
Dependencies, dated: 3 November 1904, pp. 45-46, s. 2. 
3Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
4Inserted by the Stamp (Amendment) Act 2021 ( XXIX of 202 1), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4. 
5The word “and” was rep ealed by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, 
dated: 24 March 1906, pp. 11-12, s. 2. 
6Repealed ibid. 
(a) means any insurance made upon any ship or vessel (whether for marine or 
inland navigation), or upon the machinery, tackle or furniture of any ship or 
vessel, or upon any goods, merchandise or property of any description 
whatever on board of any ship or vessel, or upon the freight of, or any other 
interest which may be lawfully insured in or relating to, any ship or vessel, and 
(b) includes any insurance of goods, merchandise or property for any transit 
which includes, not only a sea risk within the meaning of clause (a), but also 
any other risk incidental to the t ransit insured from the commencement of the 
transit to the ultimate destination covered by the insurance: 
Where any person, in consideration of any sum of money paid or to be paid 
for additional freight or otherwise, agrees to take upon himself any risk 
attending goods, merchandise or property of any description whatever while 
on board of any ship or vessel, or engages to indemnify the owner of any 
such goods, merchandise or property from any risk, loss or damage, such 
agreement or engagement shall be deeme d to be a contract for sea -
insurance: 
(21) “power-of-attorney” includes any instrument (not chargeable with a fee under 
the law relating to Court-fees for the time being in force) empowering a specified person to 
act for and in the name of the person executing it: 
(22) “promissory note” means a promissory note as defined by the Negotiable 
Instruments Act, 1881
1
; it also includes a note promising the payment of any sum of money 
out of any particular fund which may or may not be available, or upon any conditi on or 
contingency which may or may not be performed or happen: 
2
[(22A) “public office” includes an office of the Government, a local government, a 
statutory corporation or a similar body set up by the Federal Government or the Government, 
a commercial or i ndustrial concern whether singly owned or run through partnership having 
more than twenty employees, a development authority, a private housing scheme or a housing 
authority, a cooperative housing society, a real estate developer or a real estate broker, a  
banking company and any other entity whether registered or unregistered under any law for 
the being in force; 
(22-B) “Public Officer” includes an Officer-in-Charge of a Public Office;] 
(23) “receipt” includes any note, memorandum or writing– 
(a) whereby any money, or any bill of exchange, cheque or promissory note is 
acknowledged to have been received, or 
(b) whereby any other moveable property is acknowledged to have been 
received in satisfaction of a debt, or 
(c) whereby any debt or demand, or any part o f a debt or demand, is 
acknowledged to have been satisfied or discharged, or 
(d) which signifies or imports any such acknowledgment,  
and whether the same is or is not signed with the name of any person: 
3
[*] 
1
[(23A)  “service charge” means such amount as may be notified by the Finance 
Department of the Government to be charged from the purchaser by a bank, other than the 
Bank of Punjab, for issuance of e-Stamp by using online facility;] 
                                                
1XXVI of 1881. 
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gaz ette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4. It was earlier Added by the Stamp (Punjab Amendment) Act, 1973 (XXVI of 1973), published 
in the Punjab Gazette (Extraordinary), dated: 29 December 1973, pp. 1941-E to 1941-F, s. 2. 
3The word “ and” was omitted by the Repealing and Amending Act, 1928 (XVIII of 1928), published in the Gazette of India, 
dated: 29 September 1928, pp. 35-37, s. 2 read with the First Schedule. 
(24) “settlement” means any non -testamentary disposition, in writing, of moveable 
or immoveable property, made– 
(a) in consideration of marriage, 
(b) for the purpose of distributing property of the settler among his family or those 
for whom he desires to provide, or for the purpose of providing for some 
person dependent on him, or 
(c) for any religious or charitable purpose: 
and includes an agreement in writing to make such a disposition 
2
[and, where 
any such disposition has not been made in writing, any instrument recording, 
whether by way of declaration of trust or otherwis e, the terms of any such 
disposition]. 
3
[and] 
4
[(25) “soldier” includes any person below the rank of non-commissioned officer who 
is enrolled under the Indian Army Act, 1911
5
 
6
[or the Pakistan Army Act, 1952
7
]. ] 
8[(25A) “transferring or attesting authorit y” includes the principal executive officer of 
relevant public offices registering the transaction of transfer of right, title or interest in an 
immoveable property in its record;] 
9
[(26) “urban area” means an area which is: 
(a) a rating area under the Pun jab Urban Immovable Property Tax Act, 1958 (V 
of 1958);  
(b) the area already declared as an urban area under the Punjab Finance Act, 
2010 (VI of 2010); 
(c) any other area which the Board of Revenue may , by notification, declare as 
an urban area; and 
10[(d) an area defined as an urban area in the Punjab Local Government Act, 2019 
(XIII of 2019) or an area developed by a development authority, housing 
authority, statutory body, cooperative housing society or a real estate 
company or developer.] ] 
CHAPTER II 
Stamp-duties  
A.–Of the Liability of Instruments to Duty. 
                                                                                                                                                  
1Inserted by the Stamp (Amendment) Act 2021 ( XXIX of 202 1), published in th e Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4 
2Added by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its 
Dependencies, dated: 3 November 1904, pp. 45-46, s. 2. 
3Added by t he Repealing and Amending Act, 1928 (XVIII of 1928), published in the Gazette of India, dated: 25 September 
1928, pp. 35-37, s. 2 read with the First Schedule.  
4Ibid. 
5VIII of 1911. 
6Added by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960) ; assented to by the President on 7 June 1960; 
and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second 
Schedule: it came into force on 14 October 1955. 
7XXIX of 1952. 
8Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4. 
9Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
10Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.4 
3. Instruments chargeable with duty .– Subject to the provisions of this Act and the 
exemptions contained in Schedule I, the following instruments shall be chargeable with duty 
of the amount indicated  in that schedule as the proper duty therefor respectively, that is to 
say– 
(a) every instrument mentioned in that Schedule which, not having been 
previously executed by any person, is executed in 
1
[Pakistan] on or after the 
first day of July, 1899; 
(b) every bill of exchange 
2
[payable otherwise than on demand], 
3
[*] or promissory 
note drawn or made out of 
4
[Pakistan] on or after that day and accepted or 
paid, or presented for acceptance or payment, or endorsed, transferred or 
otherwise negotiated, in 
5
[Pakistan]; and 
(c) every instrument (other than a bill of exchange , 
6
[*] or promissory note) 
mentioned in that Schedule, which, not having been previously executed by 
any person, is executed out of 
7
[Pakistan] on or after that day, relates to any 
property situate, or to any matter or thing done or to be done, in 
8
[Pakistan] 
and is received in 
9
[Pakistan]: 
Provided that no duty shall be chargeable in respect of– 
(1) any instrument executed by, or on behalf of, or in favour of, 
10
[the 
Government] ] in cases where , but for this exemption , 
11
[the 
Government] would be liable to pay the duty chargeable in respect of 
such instrument; 
                                                
1Substituted for the words “the Provinces and the  Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
2Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came 
into force on 1 July 1927. 
3The word “cheque” was omitted ibid. 
4Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
5Ibid. 
6The word “cheque” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927. 
7Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Ga zette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Orde r, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
8Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statut e Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955.  
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
9Ibid. 
10Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published 
in the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. The word “Crown” was earlier  
substituted for the word “Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the 
Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.  
11Ibid. 
(2) any instrument for the sale, transfer or other disposition, either 
absolutely or by way of mortgage or otherwise, of any ship or vesse l, 
or any part, interest, share or property of or in any ship or vessel 
registered under the Merchant Shipping Act, 1894, or under Act XIX of 
1838
1
, or the Indian Registration of Ships Act, 1841
2
, as amended by 
subsequent Acts. 
4. Several instruments used in single transaction of sale, mortgage or 
settlement.– 
3
[(1) Where, in the case of any sale, mortgage or settlement, several 
instruments are employed for completing the transaction, the principal instrument only shall 
be chargeable with the duty prescribe d in Schedule I, for the conveyance, mortgage of 
settlement, and each of the other instruments shall be chargeable with a duty of 4[five 
hundred] rupees instead of the duty (if any) prescribed for it in that schedule.] 
(2) The parties may determine for the mselves which of the instruments so 
employed shall, for the purposes of sub -section (1), be deemed to be the principal 
instrument: 
Provided that the duty chargeable on the instrument so determined shall be the 
highest duty which would be chargeable in respect of any of the said instruments employed. 
5. Instruments relating to several distinct matters .– Any instrument comprising or 
relating to several distinct matters shall be chargeable with the aggregate amount of the 
duties with which separate instruments , each comprising or relating to one of such matters, 
would be chargeable under this Act. 
6. Instruments coming within several descriptions in Schedule I .– Subject to the 
provisions of the last preceding section, an instrument so framed as to come within t wo or 
more of the descriptions in Schedule I, shall, where the duties chargeable thereunder are 
different, be chargeable only with the highest of such duties: 
5
[Provided that nothing contained in this Act shall render chargeable with duty 
exceeding 
6
[five hundred] rupees a counterpart or duplicate of any instrument chargeable 
with duty and in respect of which the proper duty has been paid.] 
7. Policies of sea -insurance.– (1) No contract for sea -insurance (other than such 
insurance as is referred to in section 506 of the Merchant Shipping Act, 1894
7
) shall be valid 
unless the same is expressed in a sea-policy. 
(2) No sea -policy made for time shall be made for any time exceeding twelve 
months. 
(3) No sea-policy shall be valid unless it specifies the particular risk or adventure, 
or the time, for which it is made, the na mes of the subscribers or under writers, and the 
amount or amounts insured. 
(4) Where any sea-insurance is made for or upon a voyage and also for time, or 
to extend to or cover any time beyond thi rty days after the ship shall have arrived at her 
                                                
1The Bombay Coasting Vessels Act, 1838. 
2X of 1841. 
3Substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan 
(Extraordinary), dated: 7 March 1964, pp. 711-732, s. 2.  
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.5. 
5Substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan 
(Extraordinary), dated: 7 March 1964, pp. 711-732, s. 3. 
6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.6. 
757 & 58 Vict., C. 60. 
destination and been there moored at anchor, the policy shall be charged with duty as a 
policy for or upon a voyage, and also with duty as a policy for time. 
8. Bonds, debentures or other securities issued on loans under Act XI, 1879 .– (1) 
Notwithstanding anything in this Act, any local authority raising a loan under the provisions of 
the Local Authorities Loan Act, 1879
1
, or of any other law for the time being in force, by the 
issue of bonds, debentures or other securities, shall, in respect of such loan, be chargeable 
with a duty of  
2
[one per centum] on the total amount of the bonds, debentures or other 
securities issued by it, and such bonds, debentures or other securities need not be stamped 
and shall not be chargeable with any further duty on renewal, consolidation, sub -division or 
otherwise. 
(2) The provisions of sub -section (1) exempting certain bonds, debentures or 
other securities from being stamped and from being chargeable with certain further duty 
shall apply to the bonds, debentures or other securities of all outstanding loans of the kind 
mentioned therein, and all such bonds, debentures or other securities shall be valid, whether 
the same are stamped or not: 
Provided that nothing herein contained shall exempt the local authority which has 
issued such bonds, debentures or other securities from the duty chargeable in respect 
thereof prior to the twenty -sixth day of March, 1897, when such duty has not already been 
paid or remitted by order issued by the 
3
[ 
4
[Federal] Government]. 
(3) In the case of wilful neglect to pay the duty required by this section, the local 
authority shall be liable to forfeit to the 
5
[Government] a sum equal to ten per centum upon 
the amount of duty payable, and a like penalty for every month after the first month during 
which the neglect continues. 
9. Power to reduce, remit or compound duties.– 
6
[The 7
[Government] ] may, by rule or 
order published in the 
8
[Official Gazette],– 
(a) reduce or remit, whether prospectively or retros pectively, in the whole or any 
part of 
9
[the territories under its administration ], the duties with which any 
instruments or any particular class of instruments, or any of the instruments 
belonging to such class, or any instruments when executed by or in f avour of 
any particular class of persons, or by or in favour of any members of such 
class, are chargeable, and 
                                                
1XI of 1879. 
2Substituted for the words “eight annas per centum” by the Indian Stamp (Amendment) Act, 1910 (VI of 1910), published in the 
Government Gazette, Punjab and its Dependencies, dated: 18 March 1910, pp. 25-27, s. 2.  
3Substituted for the words “Governor General in Council” by the Government of In dia (Adaptation of Indian Laws) Order, 1937, 
published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General 
Adaptations.  
4Substituted for the word “Central” by the Punjab Laws (Adaptation) Orde r, 1974 (P.O. No. 1 of 1974), published in the Punjab 
Gazette (Extraordinary), dated: 20 November 1974, pp. 1425-A to 1425-PP, Article 2 read with the Schedule: it came into force 
on 14 August 1973. 
5Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp, 1301-1311 s.2 . It was earlier substituted for the word “Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pa kistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s. 6. 
6Substituted for the words “the Governor -General in Council” by the Government of India (Adaptation of Indian Laws) Order, 
1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp, 1301-1311 s.2 . It was earlier Substituted for the word s “Collecting Government” by the Stamp (West 
Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 
August 1959, pp. 753-754, s. 3. 
8Substituted for the words “Gazette of India” by the Gover nment of India (Adaptation of Indian Laws) Order, 1937, published in 
the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations. 
9Ibid., for the words “British India”, Article 3 read with the First Schedule.  
(b) provide for the composition or consolidation of duties in the case of issues by 
any incorporated company or other body corporate of debenture s, bonds or 
other marketable securities. 
1
[9-A. Power of 
2
[Government] to exempt certain instruments.– The 
3
[Government] may 
by 
4
[notification in] the official Gazette, generally exempt from payment of the whole or any 
part of the duties on any instrument executed by or in favour of a banking company in the 
normal course of its banking business. 
Explanation.– For the purpose of this Section, “Banking Company” shall have the same 
meaning as in the Banking Tribunals Ordinance, 1984 (Ordinance No. LVIII of 1984).] 
B.–Of Stamps and the mode of using them. 
10. Duties how to be paid .– (1) Except as otherwise expressly provided in this Act, all 
duties with which any instruments are chargeable shall be paid, and such payment shall be 
indicated on such instruments, by means of stamps 
5
[or e-stamps]– 
(a) according to the provisions herein contained; or, 
(b) when no such provision is applicable thereto as the 
6
[Government]  may by 
rules direct. 
(2) The rules made under sub-section (1) may, among other matters, regulate,– 
(a) in the case of each kind of instrument –the description of stamps 
7
[or e -
stamps] which may be used; 
(b) in the case of instruments stamped with impressed stamps –the number of 
stamps which may be used; 
(c) in the case of bills of exchange or promissory  notes written in any Oriental 
language–the size of the paper on which they are written. 
11. Use of adhesive stamps .– The following instruments may be stamped with 
adhesive stamps, namely:– 
(a) instruments chargeable with 
8
[a duty not exceeding 
1
[one hundred rupees] ], 
except parts of bills of exchange payable otherwise than on demand and 
drawn in sets; 
                                                
1Inserted by the Punjab Stamp (Amendment) Ordinance, 1984 (XXXVII of 1984), published in the Punjab Gazette 
(Extraordinary), dated: 31 December 1984, pp. 3017-3018, s. 2.  
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. 
4Added by the corrigendum published in the Punjab Gazette (Extraordinary), dated: 31 December 1984, pp. 3029. 
5Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 
June 2015, pp. 7375-7376, s. 3. 
6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s. 3. The words “collecting Government” were earlier substituted for the words “Governor -General in 
Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), 
dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
7Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazett e (Extraordinary), dated: 26 
June 2015, pp. 7375-7376, s. 3. 
8Substituted for the words “the duty of one anna [or half an anna]” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 
1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 4. The words “or half an 
anna” were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 
March 1906, pp. 11-12, s. 3. 
(b) bills of exchange, 
2
[*] and promissory notes drawn or made out of 
3
[Pakistan]; 
(c) entry as an advocate, vakil or attorney on the roll of a High Court; 
(d) notarial acts; and 
(e) transfers by endorsement of shares in any incorporated company or other 
body corporate. 
12. Cancellation of adhesive stamps.– (1) (a) Whoever affixes any adhesive stamp to any 
instrument chargeable with duty which has been execut ed by any person shall, when affixing 
such stamp, cancel the same so that it cannot be used again; and 
(b) whoever executes any instrument on any paper bearing an adhesive stamp 
shall, at the time of execution, unless such stamp has been already cancelled 
in manner aforesaid, cancel the same so that it cannot be used again. 
(2) Any instrument bearing an adhesive stamp which has not been cancelled so 
that it cannot be used again, shall, so far as such stamp is concerned, be deemed to be 
unstamped. 
(3) The pe rson required by sub -section (1) to cancel an adhesive stamp may 
cancel it by writing on or across the stamp his name or initials or the name or initials of his 
firm with the true date of his so writing, or in any other effectual manner. 
13. Instruments st amped with impressed stamps how to be written .– Every 
instrument written upon paper stamped with an impressed stamp shall be written in such 
manner that the stamp may appear on the face of the instrument and cannot be used for or 
applied to any other instrument. 
14. Only one instrument to be on same stamp .– No second instrument chargeable 
with duty shall be written upon a piece of stamped paper upon which an instrument 
chargeable with duty has already been written: 
Provided that nothing in this section shal l prevent any endorsement which is duly 
stamped or is not chargeable with duty being made upon any instrument for the purpose of 
transferring any right created or evidenced thereby , or of acknowledging the receipt of any 
money or goods the payment or delivery of which is secured thereby. 
15. Instrument written contrary to section 13 or 14 deemed unstamped .– Every 
instrument written in contravention of section 13 or section 14 shall be deemed to be 
unstamped. 
16. Denoting duty .– Where the duty with which an instrument is chargeable, or its 
exemption from duty, depends in any manner upon the duty actually paid in respect of 
another instrument, the payment of such last -mentioned duty shall, if application is made in 
writing to the Collector for that purpose, an d on production of both the instrume nts, be 
denoted upon such first -mentioned instrument by endorsement under the hand of the 
Collector or in such other manner (if any) as the 
4
[Government] may by rule prescribe. 
                                                                                                                                                  
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.7. 
2The word “cheques” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927.  
3Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakis tan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated:  01 
October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 
C.–Of the time of stamping Instruments. 
17. Instruments executed in 
1
[Pakistan].– All instruments chargeable with duty and 
executed by any person in 
2
[Pakistan] shall be stamped before or at the time of execution. 
18. Instruments other than bills , 
3
[*] and notes executed out of 
4
[Pakistan].– (1) 
Every instrument chargeable with duty executed only out of 
5
[Pakistan], and not being a bill 
of exchange, 
6
[*] or promissory note, may be stamped within three months after it has been 
first received in 
7
[Pakistan]. 
(2) Where any such instrument cannot, with reference to the description of stamp 
prescribed therefor, be duly stamped by a private person, it may be taken within the said 
period of three months to the Collector, who  shall stamp the same, in such manner as the 
8
[Government] may by rule prescribe, wi th a stamp of such value as the person so taking 
such instrument may require and pay for. 
19. Bills, 
9
[*] and notes drawn out of 
10
[Pakistan].– The first holder in 
1
[Pakistan] of any 
bill of exchange 
2
[payable otherwise than on demand], 
3
[*] or promissory note drawn or made 
                                                                                                                                                  
1959, pp . 753-754, s. 3. The words “collecting Government” were earlier substituted for the words “Governor -General in 
Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), 
dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
1Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was p ublished in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts a nd Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
2Ibid. 
3The word “cheques” was omitted by the Indian Finance Act, 1927 (V of 1927), pu blished in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927. 
4Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725-845, s. 3  read  with  the  Second  Schedule:  it  came  into  force  on  14 October  
1955. They were earlier  
substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 (G.G.O. No. 4 of 1949), 
published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read with Article 4. 
5Substituted for the words “the P rovinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
6The word “cheque” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927. 
7Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
8Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s. 3. The word s “collecting Government” were earlier substituted for the words “Governor -General in 
Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), 
dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
9The word “cheques” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927. 
10Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the S econd Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
out of 
4
[Pakistan] shall, before he presents the same for acceptance or payment, or 
endorses, transfers or otherwise negotiates the same in 
5
[Pakistan], affix thereto the proper 
stamp and cancel the same: 
Provided that,– 
(a) if, at the ti me any such bill of exchange, 
6
[*] or note comes into the hands of 
any holder thereof in 
7
[Pakistan], the proper adhesive stamp is affixed thereto 
and cancelled in manner prescribed by section 12 and such holder has no 
reason to believe that such stamp was  affixed or cancelled otherwise than by 
the person and at the time required by this Act, such stamp shall, so far as 
relates to such holder, be deemed to have been duly affixed and cancelled. 
(b) Nothing contained in this proviso shall relieve any person f rom any penalty 
incurred by him for omitting to affix or cancel a stamp. 
D.–Of Valuations for duty. 
20. Conversion of amount expressed in foreign currencies .– (1) Where an 
instrument is chargeable with ad valorem duty in respect of any money expressed in a ny 
currency other than that of 
8
[Pakistan], such duty shall be calculated on the value of such 
money in the currency of 
9
[Pakistan] according to the current rate of exchange on the day of 
the date of the instrument. 
(2) The 
10
[
11
[Federal] Government] may, fr om time to time, by notification in the  
12
[Official Gazette], prescribe a rate of exchange for the conversion of British or any foreign 
                                                                                                                                                  
1Ibid. 
2Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came 
into force on 1 July 1927. 
3The word “cheque” was omitted ibid. 
4Substituted for the words  “the Provinces and the Capital  of the  Federation”  by the Central Laws  
(Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the 
Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force 
on 14 October 1955. They were earlier substituted for the words “British India” by the Adaptation of Central Acts and 
Ordinances Order, 1949 (G.G.O. No. 4 of 194 9), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, 
pp. 223-283, Article 3 read with Article 4. 
5Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (X XI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substitut ed for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
6The word “cheque ” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927. 
7Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (St atute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1 955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
8Ibid. 
9Ibid. 
10Substituted for the words “Governor General in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, 
published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with  the Table of General 
Adaptations. 
11Substituted for the word “Central” by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab 
Gazette (Extraordinary), dated: 20 November 1974, pp. 1425-A to 1425-PP, Article 2 read with the Schedule: it came into force 
on 14 August 1973.  
12Substituted for the words “Gazette of India” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in 
the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 4 read with the Table of General Adaptations. 
currency into the currency of 
1
[Pakistan] for the purposes of calculating stamp-duty, and such 
rate shall be deemed to be the current rate for the purposes of sub-section (1). 
21. Stock and marketable securities how to be valued .– Where an instrument is 
chargeable with ad valorem  duty in respect of any stock or of any marketable or other 
security, such duty shall be calculated on the value of such stock or security according to the 
average price or the value thereof on the day of the date of the instrument. 
22. Effect of statement of rate of exchange or average price .– Where an instrument 
contains a statement of current rate of exchange, or average price, as the case may require, 
and is stamped in accordance with such statement, it shall, so far as regards the subject -
matter of such statement, be presumed, until the contrary is proved, to be duly stamped. 
23. Instruments reserving interest.– Where interest is expressly made payable by the 
terms of an instrument, such instrument shall not be chargeable with duty higher than that 
with which it would have been chargeable had no mention of interest been made therein. 
2
[23A. Certain instruments connected with mortgages of marketable securities to be 
chargeable as agreements.– (1) Where an instrument (not being a promissory note or bill 
of exchange)– 
(a) is given upon the occasion of the deposit of any marketable security by way 
of security for money advanced or to be advanced by way of loan, or for an 
existing or future debt; or 
(b) makes redeemable or qualifies a duly stamped transfer, intended as a 
security, of any marketable security; 
it shall be chargeable with duty as if it were an agreement or memorandum of an 
agreement chargeable with duty under 
3
[Article No. 5 (c)] of Schedule I. 
(2) A release or discharge of any such instrument shall only be chargeable with 
the like duty.] 
24. How transfer in consideration of debt, or subject to future payment, etc., to be 
charged.– Where any property is transferred to any person in consideration, wholly or in 
part, of any debt due to him, or subject either certainly or contingently to the payment or 
transfer of any money or stock, whether being or constituting a charge or encumbrance upon 
the property or not, such debt, money or stock is to be deemed the whole or part, as the 
case may be, of the consideration in respect whereof the transfer is chargeable with ad 
valorem duty: 
Provided that noth ing in this section shall apply to any such certificate of sale as is 
mentioned in Article No. 18 of Schedule I. 
Explanation.– In the case of a sale of property subject to a mortgage or other encumbrance, 
any unpaid mortgage-money or money charged, together with the interest (if any) due on the 
same, shall be deemed to be part of the consideration for the sale: 
                                                
1Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published i n the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinan ces Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
2Added by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazet te, Punjab and its 
Dependencies, dated: 3 November 1904, pp. 45-46, s. 3. 
3Substituted for the expression “Article No. 5(b)” by the Indian Stamp (Amendment) Act, 1912 (I of 1912), published in the 
Gazette of India, dated: 9 March 1912, p.1, s.3. 
Provided that, where property subject to a mortgage is transferred to the mortgagee, 
he shall be entitled to deduct from the duty payable on the tra nsfer the amount of any duty 
already paid in respect of the mortgage. 
Illustrations 
(1) A owes B Rs. 1,000. A sells a property to B, the consideration being Rs.500 
and the release of the previous debt of Rs.1,000 Stamp-duty is payable on Rs.1,500. 
(2) A se lls a property to B for Rs.500 which is subject to a mortgage to C for 
Rs.1,000, and unpaid interest Rs. 200. Stamp-duty is payable on Rs.1,700. 
(3) A mortgages a house of the value of Rs.10,000 to B for Rs.  5,000. B 
afterwards buys the house from A. Stamp -duty is payable on Rs.10,000 less the amount of 
stamp-duty already paid for the mortgage. 
25. Valuation in case of annuity, etc .– Where an instrument is executed to secure the 
payment of an annuity or other sum payable periodically, or where the considera tion for a 
conveyance is an annuity or other sum payable periodically, the amount secured by such 
instrument or the consideration for such conveyance, as the case may be, shall, for the 
purposes of this Act, be deemed to be,– 
(a) where the sum is payable f or a definite period so that the total amount to be 
paid can be previously ascertained–such total amount; 
(b) where the sum is payable in perpetuity or for an indefinite time not terminable 
with any life in being at the date of such instrument or conveyanc e–the total 
amount which, according to the terms of such instrument or conveyance, will 
or may be payable during the period of twenty years calculated from the date 
on which the first payment becomes due; and 
(c) where the sum is payable for an indefinite time terminable with any life in being 
at the date of such instrument or conveyance–the maximum amount which will 
or may be payable as aforesaid during the period of twelve years calculated 
from the date on which the first payment becomes due. 
26. Stamp wh ere value of subject -matter is indeterminate .– Where the amount or 
value of the subject-matter of any instrument chargeable with ad valorem duty cannot be, or 
(in the case of an instrument executed before the commencement of this Act) could not have 
been, ascertained at the date of its execution or first execution, nothing shall be claimable 
under such instrument more than the highest amount or value for which, if stated in an 
instrument of the same description, the stamp actually used would, at the date of  such 
execution, have been sufficient: 
1
[Provided that, in the case of the lease of a mine in which royalty or a share of the 
produce is received as the rent or part of the rent, it shall be sufficient to have estimated 
such royalty or the value of such share, for the purpose of stamp-duty,– 
(a) when the lease has been granted by or on behalf of 
2
[Government], at such 
amount or value as the Collector may, having regard to all the circumstances 
of the case, have estimated as likely to be payable by way of ro yalty or share 
to 
3
[Government] under the lease, or, 
                                                
1Substituted by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its 
Dependencies, dated: 3 November 1904, pp. 45-46, s. 4. 
2Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in 
the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. They were earlier substituted for the 
words “the Secretary of State in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the 
Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
3Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in 
the Gazette of West Pakistan (Extraordinary), dated: 15 August 1959, pp. 753-754, s. 5. They were earlier substituted for the 
words “the said Secretary of State in Council” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in 
the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
(b) when the lease has been granted by any other person, at twenty thousand 
rupees a year; 
and the whole amount of such royalty or share, whatever it may be, shall be 
claimable under such lease.] 
Provided also that, where proceedings have been taken in respect of an instrument 
under section 31 or 41, the amount certified by the Collector shall be deemed to be the 
stamp actually used at the date of execution. 
27. Facts affecting duty to be set forth in ins trument.– The consideration (if any) and 
all other facts and circumstances affecting the chargeability of any instrument with duty, or 
the amount of the duty with which it is chargeable, shall be fully and truly set forth therein. 
1
[27-A. Value of immovabl e property.– (1) Where any instrument chargeable with ad 
valorem duty under  
2
[Articles 3[11-AA,] 
4
[23, 27-A, 31, 33, 35 (1)(b), 48 (b), 48 (bb), 55(b), 63 
and 63 -A] ] of Schedule I, relates to an immovable property, the value of the immovable 
property shall be calculated according to the valuation table notified by the District Collector 
in respect of immovable property situated in the locality. 
5
[(2) Where an instrument mentioned in subsection (1) relates to an immovable 
property consisting of land and st ructure including a multi -storey building, such instrument 
shall state the value of the land and structure separately, and stamp duty on  the structure 
shall be calculated as per the covered area or the area of the structure mentioned in the 
instrument whichever is higher, and in case there is no approved building plan, two percent 
duty of the value of land in addition to payable duty shall be charged.] 
(3) Where the value of immovable property stated in an instrument to which sub -
section (1) applies is mor e than the value fixed according to the valuation table, the value 
declared in the instrument shall be accepted as value for the purposes of stamp duty. 
6
[(4) Any person aggrieved by the value given in the valuation table notified 
under sub -section (1), ma y, within thirty days from the date of issuance of such 
notification, file appeal before the Commissioner who shall decide it within fifteen 
days from the date of its filing. However, no review shall be entertained by the 
District Collector against the valuation table notified under sub-section (1).] 
28. Direction as to duty in case of certain conveyances.– (1) Where any property has 
been contracted to be sold for one consideration for the whole, and is conveyed to the 
purchaser in separate parts by differe nt instruments, the consideration shall be apportioned 
in such manner as the parties think fit, provided that a distinct consideration for each 
                                                
1Substituted by the Punjab Finance Act 2010 (VI of 2010), published in the Punjab Gazette (Extraordinary), dated: 28 June 
2010, pp. 3145-3150, s. 2: it came into force on 1 July 2010. It was earlier added by the Punjab Finance Act, 1986 (IV of 1986), 
published in the Punjab Gazette (Extraordinary), dated: 14 June 1986, pp. 1307-1309, s. 2. 
2Substituted for the expression “Articles 23, 27 -A, 31, 33 or 63” by the Punjab Finance Act 2016 (XXXV of 2016), published in 
the Punjab Gazette (Extraordinary), dated: 29 June 2016, pp. 6083 -6092, s. 2: it came into force on 1 July 2016. The said 
expression was earlier substituted for the expression “Articles 2 3, 27-A, 31 or 33” by the Punjab Finance Act 2015 (XXIX of 
2015), published in the Punjab Gazette (Extraordinary), dated: 26 June 2015, pp. 7361 -7368, s. 2: it came into force on 1 July 
2015. The said expression was earlier substituted for the expression “ Articles 23, 31 or 33” by the Punjab Finance Act 2012 
(XLI of 2012), published in the Punjab Gazette (Extraordinary), dated: 25 June 2012, pp. 41719 -41724: it came into force on 1 
July 2012. 
3Inserted by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 
2026, pp,5839-5840 s.3. 
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.8. 
5Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.8. 
6Substituted by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 
May 2025, p,4767 s.2. 
separate part is set forth in the conveyance relating thereto, and such conveyance shall be 
chargeable with ad valorem duty in respect of such distinct consideration. 
(2) Where property contracted to be purchased for one consideration for the 
whole, by two or more persons jointly, or by any person for himself and others, or wholly for 
others, is conveyed in parts by separate instruments to the persons by or for whom the same 
was purchased, for distinct parts of the consideration, the conveyance of each separate part 
shall be chargeable with ad valorem duty in respect of the distinct part of the consideration 
therein specified. 
(3) Where a person, having contracted for the purchase of any property but not 
having obtained a conveyance thereof, contracts to sell the same to any other person and 
the property is in consequence conveyed immediately to the sub-purchaser, the conveyance 
shall be chargeable with ad valorem duty in respect of the consideration for the sale by the 
original purchaser to the sub-purchaser. 
(4) Where a person, having contracted for the purchase of any property but not 
having obtained a conveyance thereof, contracts to sell the whole, or any part thereof, to any 
other person or persons and the property is in consequence conveyed by the original seller 
to different persons in parts, the conveyance of each part sold to a sub -purchaser shall be 
chargeable with  ad valorem duty in respect only of the consideration paid by such sub -
purchaser, without regard to the amount or value of the original consideration ; and the 
conveyance of the residue (if any) of such property to the original purchaser shall be 
chargeable with ad valorem duty in respect only of the excess of the original consideration 
over the aggregate of the considerations paid by the sub-purchasers
1
[.] 
2
[* * * * *]. 
(5)  Where a sub -purchaser takes an actual conveyance of the interest of the 
person immediately selling to him, which is chargeable with ad valorem duty in respect of the 
consideration paid by him and is duly stamped accordingly, any conveyance to be 
afterwards made to him of the same property by the original seller shall be chargeable with a 
duty equal to that which would be chargeable on a conveyance for the consideration 
obtained by such original seller, or, where such duty would exceed 
3
[five hundred] rupees, 
with a duty of 
4
[five hundred] rupees. 
E.–Duty by whom payable. 
29.  Duties by whom payable.– In the absence of an agreement to the contrary, the 
expense of providing the proper stamp shall be borne– 
(a) in the case of any instrument described in any of the following Articles of 
Schedule I, namely:– 
No. 2. (Administration Bond), 
5
[No. 6. (Agreement relating to Deposit of Title-deeds, Pawn or Pledge], 
No. 13. (Bill of Exchange), 
No. 15. (Bond), 
                                                
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.9. 
2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Pun jab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.9. 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.9. 
4Substituted by the Stamp (Amen dment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.9. 
5Substituted for the expression “No. 6. (Agreement to mortgage)” by the Indian Stamp (Amendment) Act, 1904 (XV of 1904), 
published in the Government Gazette, Punjab and its Dependencies, dated: 3 November 1904, pp. 45-46, s. 5. 
No. 16.  (Bottomry Bond), 
No. 26. (Customs Bond), 
No. 27. (Debenture), 
No. 32. (Further Charge), 
No. 34. (Indemnity-Bond), 
No. 40. (Mortgage-Deed), 
No. 49. (Promissory-Note), 
No. 55. (Release), 
No. 56. (Respondentia Bond), 
No. 57. (Security Bond or Mortgage-Deed), 
No. 58. (Settlement), 
No. 62(a) (Transfer of shares in an incorporated company or other body 
corporate), 
No. 62(b) Transfer of Deb entures, being marketable securities whether the 
debenture is liable to duty or not, except deben tures provided for by 
section 8, 
No. 62(c) Transfer of any interest secured by a bond, mortg age-deed or 
policy of insurance,– 
by the person drawing, making or executing such instrument: 
1
[(b) in the case of a policy of insurance other than fire -insurance–by the person 
effecting the insurance;  
(bb) in the case of a policy of fire-insurance–by the person issuing the policy;] 
(c) in the case of a conveyance (inclu ding a re -conveyance of mortgaged 
property)–by the grantee 
2
[and grantor in equal shares]: in the case of a lease 
or agreement to lease–by the lessee or intended lessee: 
(d) in the case of a counterpart of a lease–by the lessor: 
(e) in the case of an instrument of exchange–by the parties in equal shares: 
(f) in the case of a certificate of sale –by the purchaser of the property to which 
such certificate relates; 
3
[*] 
(g) in the case of an instrument of partition –by the parties thereto in proportion to 
their respective shares in the whole property partitioned, or, when the partition 
is made in execution of an order passed by a Revenue-authority or Civil Court 
or arbitrator, in such proportion as such authority, Court or arbitrator directs 
4
[;] 
5
[(h) in the cas e of a contract chargeable with stamp duty under Article 22 -A of 
Schedule I, the stamp duty shall be payable by the contractor in whose favour 
the instrument is executed; 
(i) in the case of a decree, rule of a court or an order of a court chargeable with 
stamp duty under Article 27 -A of Schedule I, the stamp duty shall be paid by 
the beneficiary of the decree, rule or order; 
                                                
1Substituted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, 
pp. 11-12, s. 4. 
2Inserted by the Punjab Finance Act, 1992 (VI of 1992), published in the Punjab Gazette (Extraordinary), dated: 29 June 1992, 
pp. 2959-C to 2959-F, s. 2: it came into force on 1 July 1992.  
3The word “and” was omitted by the Punjab Finance Act 2016 (XXXV of 2016), published in the Punjab Gazette (Extraordinary), 
dated: 29 June 2016, pp. 6083-6092, s. 2: it came into force on 1 July 2016. 
4Substituted ibid. for the “full stop”.  
5Inserted ibid.  
(j) in the case of a gift chargeable with stamp duty under Article 33 of Schedule 
I, the stamp duty shall be paid by the person in who se favour the instrument 
is executed; and 
(k) in the case of transfer of right or interest relating to an immovable property 
chargeable with stamp duty under Article 63 -A of Schedule I, the stamp duty 
shall be paid by the person in whose favour the transfer of the right or interest 
relating to an immovable property is made.] 
30. Obligation to give receipt in certain cases .– Any person receiving any money 
exceeding twenty rupees in amount, or any bill of exchange, cheque or promissory note for 
an amount exceeding twenty rupees, or receiving in satisfaction or part satisfaction of a debt 
any movable property exceeding twenty rupees in value, shall, on demand by the person 
paying or delivering such money, bill, cheque, note or property, give a duly stamped rece ipt 
for the same. 
1
[Any person receiving or taking credit for any premium or consideration for any 
renewal of any contract of fire -insurance, shall, within one month after receiving or taking 
credit for such premium or consideration, give a duly stamped receipt for the same.] 
CHAPTER III 
Adjudication as to Stamps 
31. Adjudication as to proper stamp.– 
2
[(1) When any instrument, whether executed or 
not and whether previously stamped or not is brought to the Collector, and the person 
bringing the instrument applies to have the opinion of the Collector as to the duty, if any, with 
which it is chargeable, and pays a fee of one thousand rupees, the Collector shall determine 
the duty, if any, with which in his judgment the instrument is chargeable.] 
(2) For this purpose the Collector may require to be furnished with an abstract of 
the instrument, and also with such affidavit or other evidence as he may deem necessary to 
prove that all the facts and circumstances affecting the chargeability of the instrument with 
duty, or the amount of the duty with which it is chargeable, are fully and truly set forth 
therein, and may refuse to proceed upon any such application until such abstract and 
evidence have been furnished accordingly: 
Provided that– 
(a) no evidence furnished in pursuance of this section shall be used against any 
person in any civil proceeding, except in an enquiry as to the duty with which 
the instrument to which it relates is chargeable; and 
(b) every person by whom any such evidence is furnished , shall, on p ayment of 
the full duty with which the instrument to which it relates , is chargeable, be 
relieved from any penalty which he may have incurred under this Act by 
reason of the omission to state truly in such instrument any of the facts or 
circumstances aforesaid. 
32. Certificate by Collector .– (1) When an instrument brought to the Collector under 
section 31 is, in his opinion, one of a description chargeable with duty, and– 
(a) the Collector determines that it is already fully stamped, or 
(b) the duty determined by the Collector under section 31, or such a sum as, with 
the duty already paid in respect of the instrument, is equal to the duty so 
determined, has been paid, 
                                                
1Added by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gaz ette of India, dated: 24 March 1906, pp. 
11-12, s. 5. 
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.10. 
the Collector shall certify by endorsement on such instrument that the full duty (stating 
the amount) with which it is chargeable has been paid. 
(2) When such instrument is, in his opinion, not chargeable with duty, the 
Collector shall certify in manner aforesaid that such instrument is not so chargeable. 
(3) Any instrument upon which an endorse ment has been made under this 
section, shall be deemed to be duly stamped or not chargeable with duty, as the case may 
be; and, if chargeable with duty, shall be receivable in evidence or otherwise, and may be 
acted upon and registered as if it had been originally duly stamped: 
Provided that nothing in this section shall authorize the Collector to endorse– 
(a) any instrument executed or first executed in 
1
[Pakistan] and brought to him 
after the expiration of one month from the date of its execution or first  
execution, as the case may be; 
(b) any instrument executed or first executed out of 
2
[Pakistan] and brought to  
him after  the expiration  of three months after it has been first received in 
3
[Pakistan]; or 
(c) any instrument chargeable with 
4
[a duty not exc eeding 
5
[five hundred rupees] 
], or any bill of exchange or promissory note, when brought to him, after the 
drawing or execution thereof, on paper not duly stamped. 
6
[32A. Certificate of designated officer .– An officer designated by the Government shall, 
by notification in the official Gazette, issue a certificate as to genuineness or otherwise of an 
e-stamp for the purpose of evidence in a legal proceedings.] 
CHAPTER IV 
Instruments not duly Stamped 
33. Examination and impounding of instruments.– (1) Every person having by law or 
consent of parties authority to receive evidence, and every person in charge of a public 
office, except an officer of police, before whom any instrument, chargeable , in his opinion, 
with duty, is produced or comes in the performance of his functions, shall, if it appears to him 
that such instrument is not duly stamped, impound the same. 
(2) For that purpose every such person shall examine every instrument so 
chargeable and so produced or coming before him, in order to ascertain wheth er it is 
                                                
1Substituted for the words “the Provinces and t he Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with th e Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
2Ibid.  
3Ibid.  
4Substituted for the words “the duty of one anna [or half an anna]” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 
1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711 -732, s. 6.  The words “or half 
an anna” were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 
March 1906, pp. 11-12, s. 3. 
5Substituted by the Stamp ( Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.11. 
6Inserted by the Stamp (Amendment) Act 2015 (XXXII of 2015), published in the Punjab Gazette (Extraordinary), dated: 26 
June 2015, pp. 7375-7376, s. 4. 
stamped with a stamp of the value and description required by the law in force in 
1
[Pakistan] 
when such instrument was executed or first executed: 
Provided that– 
(a) nothing herein contained shall be deemed to require any Magistrate or Judge 
of a Criminal Court to examine or impound, if he does not think fit so to do, 
any instrument coming before him in the course of any proceeding other than 
a proceeding under Chapter XII or Chapter XXXVI of the Code of Criminal 
Procedure, 1898
2
; 
(b) in the case of a Judge of a High Court, the duty of examining and impounding 
any instrument under this section may be delegated to such officer as the 
Court appoints in this behalf. 
(3) For the purposes of this section, in cases of doubt,– 
(a) 
3
[the 
4
[Government] ] may determine what offices shall be deemed to be public 
offices, and 
(b) 
5
[the 
6
[Government] ] may determine who shall be deemed to be persons in 
charge of public offices. 
34. Special provision as to unstamped receipts.– Where any receipt chargeable with a 
duty 
7
[not exceeding 8[fifty rupees] is tendered to or produced before any officer unstamped 
in the course of the audit of any public account, such officer may in his discretion, instead of 
impounding the instrument, require a duly stamped receipt to be substituted therefor. 
35. Instruments not duly stamped inadmissible in evidence, etc .– No instrument 
chargeable with duty shall be admitted in evidence for any purpose by any person having by 
law or consent of parties authority to receive  evidence, or shall be acted upon, registered or 
authenticated by any such person or by any public officer, unless such instrument is duly 
stamped: 
Provided that– 
(a) any such instrument not being an instrument chargeable with a duty  
9
[not 
exceeding 
1
[fifty rupees] ] only, or a bill of exchange or promissory note, shall, 
                                                
1Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the President on 7 June 1960; and, was published in the Gazette of Pakis tan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
2V of 1898. 
3Substituted for the words “the Governor -General in Council” by the Government of India (Adaptation of Ind ian Laws) Order, 
1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary ), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “Collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August  
1959, pp. 753-754, s. 3. 
5Substituted for the words “the Local Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, 
published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.  
6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “Collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s. 3. 
7Substituted for the words “of one anna”  by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), pub lished in the 
Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 7. 
8Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.12. 
9Substituted for the words “of one anna [or half an anna]”, by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), 
published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 8. The words “or half an anna” 
were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 
1906, pp. 11-12, s. 3. 
subject to all just exceptions, be admitted in evidence on payment of the duty 
with which the same is chargeable, or, in the case of an instrument 
insufficiently stamped, of the amount required to make up such d uty, together 
with a penalty of 
2
[five hundred rupees], or, when ten times the amount of the 
proper duty or deficient portion thereof exceeds 
3
[five hundred rupees], of a 
sum equal to ten times such duty or portion; 
(b) where any person from whom a stamped receipt could have been demanded, 
has given an unstamped receipt and such receipt, if stamped, would be 
admissible in evidence against him, then such receipt shall be admitted in 
evidence against him on payment of a penalty of one rupee by the person 
tendering it; 
(c) where a contract or agreement of any kind is effected by correspondence 
consisting of two or more letters and any one of the letters bears the proper 
stamp, the contract or agreement shall be deemed to be duly stamped; 
(d) nothing herein cont ained shall prevent the admission of any instrument in 
evidence in any proceeding in a Criminal Court, other than a proceeding 
under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 
1898
4
; 
(e) nothing herein contained shall prevent the admission of any instrument in any 
Court when such instrument has been executed by or on behalf of  
5
[the 
Government], or where it bears the certificate of the Collector as provided by 
section 32 or any other provision of this Act. 
36. Admission of instrument where not to be questioned.– Where an instrument has 
been admitted in evidence, such admission shall not, except as provided in section 61, be 
called in question at any stage of the same suit or proceeding on the ground that the 
instrument has not been duly stamped. 
37. Admission of improperly stamped instruments .– 
6
[The 
7
[Government] ]may make 
rules providing that, where an instrument bears a stamp of sufficient amount but of improper 
description, it may, on payment of the duty with which the same is chargeable, be certified to 
be duly stamped, and any instrument so certified shall th en be deemed to have been duly 
stamped as from the date of its execution. 
38. Instruments impounded how dealt with .– (1) When the person impounding an 
instrument under section 33  has by law or consent of parties authority to receive evidence 
and admits such instrument in evidence upon payment of a penalty as provided by section 
35 or of duty as provided by section 37, he shall send to the Collector an authenticated copy 
                                                                                                                                                  
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.13. 
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.13. 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), publish ed in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.13. 
4V of 1898. 
5Substituted for the words “the Crown” by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in 
the Gazette of West Pakistan (Extrao rdinary), dated: 15 August 1959, pp. 753-754, s. 5. They were earlier substituted for the 
words “the Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India 
(Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
6Substituted for the words “the Governor -General in Council” by the Government of India (Adaptation of Indian Laws) Order, 
1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp, 1301-1311 s.2 . It was earlier Substituted for the words “Collecting Gov ernment” by the Stamp (West 
Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 
August 1959, pp. 753-754, s. 3. 
of such in strument, together with a certificate in writing, stating the amount of duty and 
penalty levied in respect thereof, and shall send such amount to the Collector, or to such 
person as he may appoint in this behalf. 
(2) In every other case, the person so impo unding an instrument shall send it in 
original to the Collector. 
39. Collector’s power to refund penalty paid under section 38, sub -section (1).– (1) 
When a copy of an instrument is sent to the Collector under section 38, sub -section (1), he 
may, if he thinks fit, 
1
[* * *  * * *], refund any portion of the penalty in excess of 2[five hundred] 
rupees which has been paid in respect of such instrument. 
(2) When such instrument has been impounded only because it has been written 
in contravention of section 13 o r section 14, the Collector may refund the whole penalty so 
paid. 
40. Collector’s power to stamp instruments impounded .– 3[(1) When the Collector 
impounds any instrument under section 33, or receives any instruments sent to him under 
subsection (2) of section 38, he shall adopt the following procedure: 
(a) if he is of the opinion that the instrument is duly stamped or is not chargeable 
with duty, he shall certify by endorsement thereon that it is duly stamped, or 
that it is not so chargeable, as the case may be; 
(b) if he is of the opinion that such instrument is chargeable with duty and is not 
duly stamped, he shall require the payment of the proper duty or the amount 
required to make up the same, together with a penalty of maximum ten times 
the amount of the proper duty or the deficient amount thereof but not less 
than two times of the amount due: 
provided that when such instrument has been impounded only because it has 
been written in contravention of section 13 or section 14, the Collector may, if 
he thinks fit, remit the whole penalty provided under this section: 
 provided further that in case of any purported transfer of right, title or interest 
in an immoveable property effected by a relevant public office in its record 
under an instrument which is not  registered under the Registration Act, 1908 
(XVII of 1908), such instrument shall be chargeable with duty which shall be 
ten times the amount of the deficient duty.] 
 (2) Every certificate under clause (a) of sub -section (1) shall, for the purposes of 
this Act, be conclusive evidence of the matters stated therein. 
(3) Where an instrument has been sent to the Collector under section 38, sub -
section (2), the Collector shall, when he has dealt with it as provided by this section, return it 
to the impounding officer. 
41. Instruments unduly stamped by accident.– If any instrument chargeable with duty 
and not duly stamped, not being an instrument chargeable with a duty of  
4
[not exceeding 
                                                
1The expression “upon application made to him in this behalf or, if no appl ication is made, with the consent of the Chief 
Controlling Revenue-authority” was omitted by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, 
dated: 28 February 1914, pp. 21-32, s. 2 read with the Schedule. 
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.14. 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.15. 
4Substituted for the words “of one anna [or half an anna]” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), 
published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 8.  The words “or half an anna” 
were inserted by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 
1906, pp. 11-12, s. 3. 
1[fifty rupees] ] only or a bill of exchange or promissory note, is produce d by any person of 
his own motion before the Collector within one year from the date of its execution or first 
execution, and such person brings to the notice of the Collector the fact that such instrument 
is not duly stamped and offers to pay to the Colle ctor the amount of the proper duty, or the 
amount required to make up the same, and the Collector is satisfied that the omission to duly 
stamp such instrument has been occasioned by accident, mistake or urgent necessity, he 
may, instead of proceeding under sections 33 and 40, receive such amount and proceed as 
next hereinafter prescribed. 
42. Endorsement of instruments on which duty has been paid under sections 35, 40 
or 41.– (1) When the duty and penalty (if any) leviable in respect of any instrument have been 
paid under section 35, section 40 or section 41, the person admitting such instrument in 
evidence or the Collector, as the case may be, shall certify by endorsement thereon that the 
proper duty or, as the case may be, the proper duty and penalty (stating the amount of each) 
have been levied in respect thereof, and the name and residence of the person paying them. 
(2) Every instrument so endorsed shall thereupon be admissible in evidence, and 
may be registered and acted upon and authenticated as if it h ad been duly stamped, and 
shall be delivered on his application in this behalf to the person from whose possession it 
came into the hands of the officer impounding it, or as such person may direct: 
Provided that– 
(a) no instrument which has been admitted in evidence upon payment of duty and 
a penalty under section 35, shall be so delivered before the expiration of one 
month from the date of such impounding, or if the Collector has certified that its 
further detention is necessary and has not cancelled such certificate: 
(b) nothing in this section shall affect the Code of Civil Procedure
2
, section 144, 
clause 3. 
43. Prosecution for offence against Stamp -law.– The taking of proceedings or the 
payment of a penalty under this Chapter in respect of any instrument  shall not bar the 
prosecution of any person who appears to have committed an offence against the Stamp -
law in respect of such instrument: 
Provided that no such prosecution shall be instituted in the case of any instrument in 
respect of which such a penalt y has been paid, unless it appears to the Collector that the 
offence was committed with an intention of evading payment of the proper duty. 
44. Persons paying duty or penalty may recover same in certain cases.– (1) When any 
duty or penalty has been paid under section 35, section 37, section 40 or section 41, by any 
person in respect of an instrument, and, by agreement or under the provisions of section 29 
or any other enactment in force at the time such instrument was executed, some other 
person was bound t o bear the expense of providing the proper stamp  for such instrument, 
the first-mentioned person shall be entitled to recover from such other person the amount of 
the duty or penalty so paid. 
(2) For the purpose of such recovery any certificate granted in respect of such 
instrument under this Act shall be conclusive evidence of the matters therein certified. 
(3) Such amount may, if the Court thinks fit, be included in any order as to costs 
in any suit or proceeding to which such persons are parties and in which such instrument 
has been tendered in evidence. If the Court does not include the amount in such order, no 
further proceedings for the recovery of the amount shall be maintainable. 
45. Power to Revenue Authority to refund penalty or excess duty in certain cases.– 
(1) Where any penalty is paid under section 35 or section 40, the 
1
[Chief Revenue Authority] 
                                                
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Pun jab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.16. 
2XIV of 1884. Now the Code of Civil Procedure, 1908 (V of 1908). 
may, upon application in writing made within one year from the date of the payment, refund 
such penalty wholly or in part. 
(2) Where, in the opinion of the 
2
[Chief Revenue Authority], stamp-duty in excess 
of that which is legally chargeable has been charged and paid under section 35 or section 
40, such authority may, upon application in writing made within three months of the order 
charging the same, refund the excess. 
46. Non-liability for loss of instruments sent under section 38 .– (1) If any instrument 
sent to the Collector under section 38, sub -section (2), is lost, destroyed or damaged during 
transmission, the person sending the same shall not be lia ble for such loss, destruction or 
damage. 
(2) When any instrument is about to be so sent, the person from whose 
possession it came into the hands of the person impounding the same, may require a copy 
thereof to be made at the expense of such first-mentioned person and authenticated by the 
person impounding such instrument. 
3
[47. Power of payer to stamp bills and promissory notes received by him 
unstamped.– When any Bill of Exchange or promissory note is presented for payment 
unstamped, the person to whom it is so presented may affix thereon the necessary adhesive 
stamp, and upon cancelling the same in the manner hereinbefore provided, may charge the 
duty against the person who ought to have paid the same, or deduct it from the sum payable 
as aforesaid, and s uch bill or note shall, so far as respects the duty be deemed good and 
valid: 
provided that nothing herein contained shall relieve any person of any penalty or 
proceeding to which he may be liable in relation to such bill or note.] 
48. Recovery of duties and penalties.– All duties, penalties and other sums required to 
be paid under this 4[Act] may be recovered by the Collector by distress and sale of the 
movable property of the person from whom the same are due, or by any other process for 
the time being in force for the recovery of arrears of land-revenue. 
5[48A. Power of Collector to seal premises .- (1) When a transferring or attesting authority 
fails to comply with the provisions of this Act, the Collector may seal such public office 
including the premise s thereof after affording the transferring or attesting authority an 
opportunity of being heard. 
(2) If the transferring or attesting authority is aggrieved by an order under 
subsection (1), he may within a period of thirty days of the order, apply to the Chief Revenue 
Authority, or any officer authorized by it in this behalf, for de-sealing of the public office. 
(3) An application under subsection (2) shall not be entertained unless the 
applicant pays the deficient amount of the duty together with the penalty under this Act.] 
CHAPTER V 
                                                                                                                                                  
1Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1  of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21  
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
2Ibid. 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.17. It was earlier Substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), 
published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 9. 
4Substituted for the word “chapter‟‟ by the Stamp (Amendment) Act 202 5 (XXXVI of 2025 ), published in t he Punjab Gazette 
(Extraordinary), dated: 30 May 2025, p,4767 s.3. 
5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.18. 
Allowances for Stamps in Certain Cases 
49.  Allowance for spoiled stamps .– Subject to such  rules as may be  made by 
1
[the 
2
[Government] ] as to the evidence to be required, or the enquiry to be made the Collector 
may, on application made within the period prescribed in section 50, and if he is satisfied as 
to the facts, make allowance for impressed stamps spoiled in the cases hereinafter 
mentioned, namely:– 
(a) the stamp on any paper inadvertently and undesignedly spoiled, obliterated or 
by error in writing or any other means rendered unfit for the purpose intended 
before any instrument written thereon is executed by any person: 
(b) the stamp on any document which is written out wholly or in part, but which is 
not signed or executed by any party thereto: 
(c) in the case of bills of exchange 
3
[payable otherwise than on demand] 
4
[*] or 
promissory notes– 
(1) the stamp on 
5
[any such bill of exchange] 
6
[* *] signed by or on behalf of 
the drawer which has not been accepted or made use of in any manner 
whatever or delivered out of his hands for any purpose other than by 
way of tender for acceptance : provided that the paper on which any 
such stamp is impressed, does not bear any signature intended as or 
for the acceptance of any bill of exchange 
7
[* *] to be afterwards written 
thereon: 
(2) the stamp on any promissory note signed by or on behalf of the maker 
which has not been made use of in any manner whatever or delivered 
out of his hands: 
(3) the stamp used or intended to be used for 
8
[any such bill of exchange], 
9
[*] or promissory note signed by, or on behalf of, the drawer thereof, 
but which from any omission or error has been spoiled or rendered 
useless, although the same, being a bill of exchange 
10
[* *], may have 
been presented for ac ceptance or accepted or endorsed, or, being a 
promissory note, may have been delivered to the payee: provided that 
another completed and duly stamped bill of exchange, 
11
[*] or 
promissory note is produced identical in every particular,   except  in 
the correction of such omission  
                                                
1Substituted for the words “the Local  Government” by the Government of India (Adaptation of Indian Laws) Order, 1937, 
published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. The 
words “Local Government” were earlier substitut ed for the words “Governor General in Council” by the Decentralization Act, 
1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21-32, s. 2 read with the Schedule. 
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of  West Pakistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s. 3. 
3Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came 
into force on 1 July 1927. 
4The word “cheques” was omitted ibid. 
5Substituted for the words “any bill of exchange” by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of Ind ia, 
dated: 30 March 1927, s. 5: it came into force on 1 July 1927. 
6The words “or cheque” were omitted ibid. 
7Ibid. 
8Substituted ibid., for the words “any bill of exchange”. 
9The word “cheque” was omitted ibid. 
10The words “or cheque” was omitted ibid.  
11The word “cheque” was omitted ibid.  
or error as aforesaid, with the spoiled bill,
1
[*] or note: 
(d) the stamp used for an instrument executed by any party thereto which– 
(1) has been afterwards found to be absolutely void in law from the 
beginning: 
(2) has been afterwa rds found unfit, by reason of any error or mistake 
therein, for the purpose originally intended: 
(3) by reason of the death of any person by whom it is necessary that it 
should be executed, without having executed the same, or of the 
refusal of any such person to execute the same, cannot be completed 
so as to effect the intended transaction in the form proposed: 
(4) for want of the execution thereof by some material party, and his 
inability or refusal to sign the same, is in fact incomplete and 
insufficient for the purpose for which it was intended: 
(5) by reason of the refusal of any person to act under the same, or to 
advance any money intended to be thereby secured, or by the refusal 
or non -acceptance of any office thereby granted, totally fails of the 
intended purpose: 
(6) becomes useless in consequence of the transaction intended to be 
thereby effected being effected by some other instrument between the 
same parties and bearing a stamp of not less value: 
(7) is deficient in value and the transaction inte nded to be thereby 
effected has been effected by some other instrument between the 
same parties and bearing a stamp of not less value: 
(8) is inadvertently and undesignedly spoiled, and in lieu whereof another 
instrument made between the same parties and f or the same purpose 
is executed and duly stamped: 
Provided that, in the case of an executed instrument, no legal 
proceeding has been commenced in which the instrument could or 
would have been given or offered in evidence and that the instrument 
is given up to be cancelled. 
Explanation.– The certificate of the Collector under section 32 that the full duty with which 
an instrument is chargeable has been paid is an impressed stamp within the meaning of this 
section. 
50. Application for relief under section 49 when to be made .– The application for 
relief under section 49 shall be made within the following periods, that is to say,– 
(1) in the cases mentioned in clause (d) (5), within two months of the date of the 
instrument: 
(2) in the case of a stamped paper on which no instrument has been executed by 
any of the parties thereto, within six months after the stamp has been spoiled: 
(3) in the case of a stamped paper in which an instrument has been executed by 
any of the parties thereto, within six months after the date of the instrument, 
or, if it is not dated, within six months after the execution thereof by the 
person by whom it was first or alone executed: 
Provided that,– 
(a) when the spoiled instrument has been for sufficient reasons sent out of 
1
[Pakistan], the application may be made within six months after it has been 
received back in 
2
[Pakistan]: 
                                                
1The word “cheque” was omitted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 
March 1927, s. 5: it came into force on 1 July 1927.  
(b) when, from unavoidable circumstances, any instrument for which another 
instrument has been substituted , cannot be given up to be cancelled within 
the aforesaid period, the application may be made within six months after the 
date of execution of the substituted instrument. 
3
[50-A. Refund of stamp. - Notwithstanding anything contained in this Act, the Chief 
Revenue Authority may, within two years from the date on whi ch the stamp was 
purchased or spoiled or rendered useless, as the case may be, allow refund to a 
person if he was: 
(a) not in power or possession of such stamp; or  
(b) unable to claim refund due to his detention in  jail or admission in 
hospital; or  
(c) out of the country.] 
51. Allowance in case of printed forms no longer required by Corporations .–  The  
4
[Chief  Revenue  Authority] 
5
[or the Collector if empowered by the 
6
[Chief Revenue Authority] 
in this behalf] may, without limit of time, make allowance for stamped papers used for printed 
forms of instruments 
7
[by any banker or ,] by any incorporated company or other body 
corporate, if for any sufficient reason such forms have ceased to be required by the said 
8
[banker,] company or body corporate: provided  that such authority is satisfied that the duty 
in respect of such stamped papers has been duly paid. 
52. Allowance for misused stamps .– (a) When any person has inadvertently used for 
an instrument chargeable with duty, a stamp of a description other than that prescribed for 
such instrument by the rules made under this Act, or a stamp of greater value than was 
necessary, or has inadvertently used any stamp for an instrument not chargeable with any 
duty; or 
(b) When any stamp used for an instrument has been inadvertently rendered 
useless under section 15, owing to such instrument having been written in 
contravention of the provisions of section 13; 
the Collector may, on application made within six months after the date of the 
instrument, or, if it is not date d, within six months after the execution thereof by the 
person by whom it was first or alone executed, and upon the instrument, if 
                                                                                                                                                  
1Substituted for the words “the Provinces and the Capital of the Federation” by the Central Laws (Statute Reform) Ordinance, 
1960 (XXI of 1960); assented to by the Pre sident on 7 June 1960; and, was published in the Gazette of Pakistan 
(Extraordinary), dated: 9 June 1960, pp. 725 -845, s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
They were earlier substituted for the words “British India” by  the Adaptation of Central Acts and Ordinances Order, 1949 
(G.G.O. No. 4 of 1949), published in the Gazette of Pakistan (Extraordinary), dated: 28 March 1949, pp. 223-283, Article 3 read 
with Article 4. 
2Ibid. 
3Inserted by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 
May 2025, p,4767 s.4. 
4Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
5Inserted by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21 -32, 
s. 2 read with the Schedule. 
6Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21  
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956.  
7Inserted  by the Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, 
pp. 11-12, s. 6. 
8Inserted  by the  Indian Stamp (Amendment) Act, 1906 (V of 1906), published in the Gazette of India, dated: 24 March 1906, 
pp. 11-12, s. 6. 
chargeable with duty, being re -stamped with the proper duty, cancel and allow as 
spoiled the stamp so misused or rendered useless. 
53.  Allowance for spoiled or misused stamps how to be made.– In any case in which 
allowance is made for spoiled or misused stamps, the Collector may give in lieu thereof– 
(a) other stamps of the same description and value; or, 
(b) if required and he  thinks fit, stamps of any other description to the same 
amount in value; or, 
(c) at his discretion, the same value in money, 
1
[deducting ten per centum of that 
value]. 
54.  Allowance for stamps not required for use .– When any person is possessed of a 
stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose 
intended, but for which he has no immediate use, the Collector shall repay to such person 
the value of such stamp or stamps in money, 
2
[deducting ten per centum of that va lue] upon 
such person delivering up the same to be cancelled, and proving to the Collector‟s 
satisfaction– 
(a) that such stamp or stamps were purchased by such person with a bona fide 
intention to use them; and  
(b) that he has paid the full price thereof; and 
(c) that they were so purchased within the period of six months next preceding 
the date on which they were so delivered: 
Provided that, where the person is a licensed vendor o f stamps, the Collector may, if 
he thinks fit, make the repayment of the sum  actually paid by the vendor without any 
such deduction as aforesaid. 
55.  Allowance on renewal of certain debentures.– When any duly stamped debenture 
is renewed by the issue of a new debenture in the same terms, the Collector shall, upon 
application made within one month, repay to the person issuing such debenture the value of 
the stamp on the original or on the new debenture, whichever shall be less: 
  Provided that the original debenture is produced before the Collector and cancelled 
by him in such manner as the 
3
[Government] may direct. 
Explanation.– A debenture shall be deemed to be renewed in the same terms within the 
meaning of this section notwithstanding the following changes:– 
(a) the issue of two or more debentures in place of one original debent ure, the 
total amount secured being the same; 
(b) the issue of one debenture in place of two or more original debentures, the 
total amount secured being the same; 
(c) the substitution of the name of the holder at the time of renewal for the name 
of the original holder; and 
(d) the alteration of the rate of interest or the dates of payment thereof. 
CHAPTER VI 
                                                
1Substituted for the words “deducting one anna for each rupee or fraction portion of a rupee”  by the Stamp (West Pakistan 
Amendment) Act, 1964 (II of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711 -
732, s. 10.  
2Ibid.  
3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Governor-General in Council” by the Government of 
India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-
344, Article 3 read with the First Schedule. 
Reference and Revision 
56.  Control of, and statement of case to, 
1
[Chief Revenue Authority].– (1) The powers 
exercisable by a Collector under Chapter IV and Chapter V 
2
[and under clause (a) of the first 
proviso to section 26] shall in all cases be subject to the control of the  
3
[Chief Revenue 
Authority]. 
(2)  If any Collector, acting under section 31, section 40 or section 41, feels doubt 
as to the amou nt of duty with which any instrument is chargeable, he may draw up a 
statement of the case, and refer it, with his own opinion thereon, for the decision of the  
4
[Chief Revenue Authority]. 
(3)  Such authority shall consider the case and send a copy of its d ecision to the 
Collector, who shall proceed to assess and charge the duty (if any) in conformity with such 
decision. 
57.  Statement of case by 
5
[Chief Revenue Authority] to High Court.– (1) The 
6
[Chief 
Revenue Authority] may state any case referred to it u nder section 56, sub -section (2), or 
otherwise coming to its notice, and refer such case, with its own opinion thereon,– 
  
7
[
8
[(a) * * * * * * * * * * * * * * * * * *] 
(b)  if the case arises in 
9
[any Province], to the High Court of 
10
[the Province].] 
  (2)  Every such case shall be decided by not less than three Judges of the High 
Court 
11
[* * *] to which it is referred, and in case of difference the opinion of the majority shall 
prevail. 
58.  Power of High Court 
12
[* * *] to call for further particulars as t o case stated.– If 
the High Court 
13
[* * *] is not satisfied that the statements contained in the case are sufficient 
to enable it to determine the questions raised thereby, the Court may refer the case back to 
                                                
1Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the Stat e Arrangements Order, 1959 on 21 
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
2Inserted by the Indian Stamp (Amendme nt) Act, 1904 (XV of 1904), published in the Government Gazette, Punjab and its 
Dependencies, dated: 3 November 1904, pp. 45-46, s. 7. 
3Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 o f 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21  
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
4Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Arti cle 2 of the State Arrangements Order, 1959 on 21 
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
5Ibid. 
6Ibid.  
7Substituted for clauses (a), (b) and (c) by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by 
the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, 
s. 3 read with the Second Schedule: it came into force on 14 October 1955.  
8Deleted  by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette (Extraordinary), 
dated: 20 November 1974, pp. 1425-A to 1425-PP, Article 2 read with the Schedule: it came into force on 14 August 1973. 
9Substituted ibid., for the words “West Pakistan”. 
10Ibid. 
11The words “or Chief Court” were omitted by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by 
the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, 
s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
12Ibid.  
13Ibid. 
the Revenue-authority by which it was stated, to make such additions thereto or alterations 
therein as the Court may direct in that behalf. 
59.  Procedure in disposing of case stated .– (1) The High Court 
1
[* * *], upon the 
hearing of any such case, shall decide the questions raised thereby, and shall deliver its 
judgment thereon containing the grounds on which such decision is founded. 
  (2)  The Court shall send to the Revenue-authority by which the case was stated a 
copy of such judgment under the seal of the Court and the signature of the Registrar; and the 
Revenue-authority shall, on receiving such copy, dispose of the case conformably to such 
judgment. 
60.  Statement of case by other Courts to High Court  
2
[* * *] .– (1) If any Court, other 
than a Court mentioned in section 57, feels doubt as to the amount of duty to be paid in 
respect of any instrument under proviso (a) to section 35, the Judge may draw up a 
statement of the case and refer it, with his own opinion thereon, for the decision of the High 
Court 
3
[* * *] to which, if he were the 
4
[Chief Revenue Authority], he would, under section 57, 
refer the same. 
  (2)  Such Court shall deal with the case as if it had been referred under section 57, 
and send a copy of its judgment under the seal of the Court and the signature of the Registrar 
to the 
5
[Chief Revenue Authority] and another like copy to the Judge making the reference, 
who shall, on receiving such copy, dispose of the case conformably to such judgment. 
  (3)  References made under sub -section (1), when made by a Court subordinate 
to a Distri ct Court, shall be made through the District Court, and, when made by any 
subordinate Revenue Court, shall be made through the Court immediately superior. 
61.  Revision of certain decisions of Courts regarding the sufficiency of stamps .– 
(1) When any Court in the exercise of its civil or revenue jurisdiction or any Criminal Court in 
any proceedings under Chapter XII or Chapter XXXVI of the Code of Criminal Procedure, 
1898
6
, makes any order admitting any instrument in evidence as duly stamped or as not 
requiring a stamp, or upon payment of duty and a penalty under section 35, the Court to 
which appeals lie from, or ref erences are made by, such first -mentioned Court may, of its 
own motion or on the application of the Collector, take such order into consideration. 
  (2)  If such Court, after such consideration, is of opinion that such instrument 
should not have been admitted in evidence without the payment of duty and penalty under 
section 35 or without the payment of a higher duty and penalty than those paid, it may record 
a declaration to that effect, and determine the amount of duty with which such instrument is 
chargeable, and may require any person in whose possession or power such instrument 
then is, to produce the same, and may impound the same when produced. 
  (3)  When any declaration has been recorded under sub -section (2), the Court 
recording the same shall send a copy thereof to the Collector, and, where the instrument to 
which it relates has been impounded or is otherwise in the possession of such Cou rt, shall 
also send him such instrument. 
                                                
1The words “or Chief Court” were omitted by the Central Laws (Statute Reform) Ordinance, 1960 (XXI of 1960); assented to by 
the President on 7 June 1960; and, was published in the Gazette of Pakistan (Extraordinary), dated: 9 June 1960, pp. 725-845, 
s. 3 read with the Second Schedule: it came into force on 14 October 1955. 
2Ibid. 
3Ibid. 
4Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Ord er, 1959 on 21 
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
5Ibid. 
6V of 1898. 
  (4)  The Collector may thereupon, notwithstanding anything contained in the order 
admitting such instrument in evidence, or in any certificate granted under section 42, or in 
section 43, prosecute any person for a ny offence against the Stamp-law which the Collector 
considers him to have committed in respect of such instrument: 
  Provided that– 
(a) no such prosecution shall be instituted where the amount (including duty and 
penalty) which, according to the determina tion of such Court, was payable in 
respect of the instrument under section 35, is paid to the Collector, unless he 
thinks that the offence was committed with an intention of evading payment of 
the proper duty; 
(b) except for the purposes of such prosecutio n, no declaration made under this 
section shall affect the validity of any order admitting any instrument in 
evidence, or of any certificate granted under section 42. 
CHAPTER VII 
Criminal Offences and Procedure 
62.  Penalty for executing, etc., instrument not duly stamped.– (1) Any person– 
(a) drawing, making, issuing, endorsing or transferring, or signing otherwise than 
as a witness, or presenting for acceptance or payment, or accepting, paying 
or receiving payment of, or in any manner negotiating, any bil l of exchange 
1
[payable otherwise than on demand] , 
2
[*] or promissory note without the 
same being duly stamped; or 
(b) executing or signing otherwise than as a witness any other instrument 
chargeable with duty without the same being duly stamped; or 
(c) voting or attempting to vote under any proxy not duly stamped; 
shall for every such offence be punishable with fine which 3[shall be equal to two 
times of the unpaid duty]: 
  Provided that, when any penalty has been paid in respect of any instrument under 
section 35, section 40 or section 61, the amount of such penalty shall be allowed in 
reduction of the fine (if any) subsequently imposed under this section in respect of the same 
instrument upon the person who paid such penalty. 
  (2)  If a share-warrant is issued without being duly stamped, the company issuing 
the same, and also every person who, at the time when it is issued, is the managing director 
or secretary or other principal officer of the company, shall be punishable with fine which 
may extend to 
4
[one thousand] rupees. 
63.  Penalty for failure to cancel adhesive stamp .– Any person required by section 12 
to cancel an adhesive stamp, and failing to cancel such stamp in manner prescribed by that 
section, shall be punishable with fine which may extend to 
5
[five hundred] rupees. 
                                                
1Inserted by the Indian Finance Act, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came 
into force on 1 July 1927. 
2The word “cheque” was omitted ibid. 
3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extrao rdinary), dated: 01 
October 2021, pp,1301-1311 s.19. 
4Ibid. 
Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.17. 
5 Substituted by the Stamp (Amendment) Act  2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.20. 
1[64. Penalty or omission to comply with provisions of section 27 .– Any person who, 
with intent to defraud the Government- 
(a) executes any instrument in which all the facts and circumstances required by 
section 27 to be set forth in such instrument are not fully and truly set forth; or 
(b) being employed or concerned in or about the preparation of any instrument, 
neglects or omits fully and truly to set forth therein all such facts and 
circumstances; 
shall be punishable with fine which may extend to one hundred thousand 
rupees; or 
(c) does any other act calculated to deprive the Government of any duty or 
penalty under this Act shall be punishable with fine equal to five times the 
amount of duty or penalty but shall not be le ss than one hundred thousand 
rupees.] 
2[64A. Punishment for omission to comply with the provision of the Act .- Any 
transferring or attesting authority which willfully and dishonestly fails to comply with any of 
the provisions of the Act shall be punishable with imprisonment for a term which may extend 
to six months or with fine which may extend to five hundred thousand rupees, or with both.] 
65.  Penalty for refusal to give receipt, and for devices to evade duty on receipts .– 
Any person who– 
(a) being required under section 30 to give a receipt, refuses or neglects to give 
the same; or, 
(b) with intent to defraud the Government of any duty, upon a payment of money 
or delivery of property exceeding twenty rupees in amount or value, gives a 
receipt for an amou nt or value not exceeding twenty rupees, or separates or 
divides the money or property paid or delivered; 
shall be punishable with fine which may extend to 
3
[five hundred] rupees. 
66.  Penalty for not making out policy or making one not duly stamped.– Any person 
who– 
(a) receives, or takes credit for, any premium or consideration for any contract of 
insurance and does not, within one month after receiving, or taking credit for, 
such premium or consideration, make out and execute a duly stamped policy 
of such insurance; or 
(b) makes, executes or delivers out any policy which is not duly stamped, or pays 
or allows in account, or agrees to pay or allow in account, any money upon, 
or in respect of, any such policy; 
shall be punishable with fine which may extend to 
4
[one thousand] rupees. 
67.  Penalty for not drawing full number of bills or marine policies purporting to be 
in sets.– Any person drawing or executing a bill of exchange 
5
[payable otherwise than on 
                                                
1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.21. 
2 Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.22. 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Ga zette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 23. 
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.24. 
5Inserted by the Indian Finance Ac t, 1927 (V of 1927), published in the Gazette of India, dated: 30 March 1927, s. 5: it came 
into force on 1 July 1927. 
demand] or a policy of marine insurance purporting to be drawn or executed in a set of two 
or more, and not at the same time drawing or executing on paper duly stamped the whole 
number of bills or policies of which such bill or policy purports the set to consist, shall be 
punishable with fine which may extend to 
1
[five thousand] rupees. 
68.  Penalty for post-dating bills, and for other devices to defraud the revenue.– Any 
person who– 
(a) with intent to defraud the Government of duty, draws, makes or issues any bill 
of exchange or promissory note bearing a date  subsequent to that on which 
such bill or note is actually drawn or made; or, 
(b) knowing that such bill or note has been so post -dated, endorses, transfers, 
presents for acceptance or payment, or accepts, pays or receives payment of, 
such bill or note, or in any manner negotiates the same; or, 
(c) with the like intent, practises or is concerned in any act, contrivance or device 
not specially provided for by this Act or any other law for the time being in 
force; 
shall be punishable with fine which 2[shall be equal to five times the amount of the 
unpaid duty subject to a minimum of twenty five thousand rupees.] 
69.  Penalty for breach of rule relating to sale of stamps and for unauthorized sale.– 
(a) Any person appointed to sell stamps who disobeys any rule made under section 74, and 
3[(b)  any person, not so appointed, who sells or offers for sale any stamp shall 
be punishable with imprisonment for a term which may extend to six months, or with fine 
which may extend to one hundred thousand rupees;]  
shall be punishable with imprisonment for a term which may extend to six months, or 
with fine which may extend to 
4
[one thousand] rupees, or with both. 
70.  Institution and conduct of prosecutions .– (1) No prosecution in respect of any 
offence punishable under this Act or any Act hereby repealed , shall be instituted without the 
sanction of the Collector or such other officer as 
5
[the 
6
[Government] ] generally, or the 
Collector specially, authorizes in that behalf. 
  (2)  The 
7
[Chief Revenue Authority], or any office r generally or specially 
authorized by it in this behalf, may stay any such prosecution or compound any such 
offence. 
                                                
1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.25. It was earlier substituted for the words “one thousand” by the Punjab Finance Act, 1996 (V 
of 1996), published in the Punjab Gazette (Extraordinary), dated: 26 June 1996, pp. 215 -219, s. 3: it came into force on 1 July 
1996. 
2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.26. 
3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary),  dated: 01 
October 2021, pp,1301-1311 s.27. 
4Substituted for the words “five hundred” by the Punjab Finance Act, 1996 (V of 1996), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 1996, pp. 215-219, s. 3: it came into force on 1 July 1996.   
5Substituted for the words “the Local Government”  by the Government of India (Adaptation of Indian Laws) Order, 1937, 
published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule.  
6 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier Substituted for the words “Collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s.3. 
7Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
  (3)  The amount of any such composition shall be recoverable in the manner 
provided by section 48. 
1[71. Jurisdiction of Magistrates .– A Magistrate of competent jurisdiction shall try an 
offence under this Act.] 
72.  Place of trial .– Every such offence committed in respect of any instrument may be 
tried in any district 
2
[* *] in which such instrument is found , as well as in any district 
3
[* *] in 
which such offence might be tried under the Code of Criminal Procedure for the time being in 
force. 
CHAPTER VIII 
Supplemental Provisions 
73.  Books, etc., to be open to inspection .– 4[(1) Every public officer shall, whenever 
his business involves an instrument chargeable with duty under this Act, keep and maintain 
such registers, books, records, papers, documents or proceedings relating to payment of 
that duty in such form as prescribed by the Board of Revenue and furnish a monthly 
statement of payment to the Collector. 
  (2)]  Every public officer having in his custody any registers, books, records, 
papers, documents or proceedings, the inspection whereof may tend to secure any duty, or 
to prove or lead to the discovery of any fraud or omission in r elation to any duty, shall at all 
reasonable times permit any person authori zed in writing by the 5[Board of Revenue or ] 
Collector to inspect for such purpose the registers, books, papers, documents and 
proceedings, and to take such notes and extracts as he may deem necessary, without fee or 
charge. 
74.  Powers to make rules relating to sale of stamps.– The 
6
[Government], 
7
[* * * * * * * 
* * *], may make rules for regulating–  
(a) the supply and sale of stamps and stamped papers,  
(b) the persons by whom alone such sale is to be conducted, and  
(c) the duties and remuneration of such persons8[.]  
9[* * * * *]  
                                                
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.28. 
2The words “or Presidency -town” were repealed by the Fe deral Laws (Revision and Declaration) Act, 1951 (XXVI of 1951), 
published in the Gazette of Pakistan (Extraordinary), dated: 12 May 1951, pp. 340-388, s. 3 read with the Second Schedule. 
3Ibid.  
4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), p ublished in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.29. 
5Substituted by the Stamp (Amendment) Act 2025 (XXXVI of 2025), published in the Punjab Gazette (Extraordinary), dated: 30 
May  2025, p,4767 s.5. 
6 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. It was earlier substituted for the words “Collecting Government” by the Stamp (West Pakistan 
Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West Pakistan (Extraordinary), dated: 15 August 
1959, pp. 753-754, s. 3. They were earlier substituted for the words “Local Government” by the Government of India 
(Adaptation of Indian Laws) Order, 1937, publishe d in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, 
Article 3 read with the First Schedule. 
7The words “subject to the control of the Governor General in Council” were omitted by the Government of India (Adaptation of 
Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with 
the First Schedule. 
8 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 30. 
9 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 30. 
1[75. Power to make rules .– The Government may make rules to carry out the purposes 
of this Act.]  
76.  Publication of rules .– 
2
[(1) All rules made un der this Act shall be published in the 
Official Gazette.]  
(2)  All rules published as required by this section shall, upon such publications, 
have effect as if enacted by this Act.  
 
3
[76A.  Delegation of certain powers .– 
4
[The 5
[* * * * * *  * * * * * * *  * * * * * * * * * * * ] 
6[Government], may by notification in the Official Gazette], delegate–  
(a) all or any of the powers conferred on it by sections 2 (9), 33 (3) (b), 70 (1) , 74 
and 78 to the 
7
[Chief Revenue Authority]; and 
                                                
1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), pu blished in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 31. 
2Substituted by the Government of India (Adaptation of Indian Laws) Order, 1937, published in the Gazette of India 
(Extraordinary), dated: 1 April 1937, pp. 75-344, Article 3 read with the First Schedule. 
3Inserted  by the Decentralization Act, 1914 (IV of 1914), published in the Gazette of India, dated: 28 February 1914, pp. 21-32, 
s. 2 read with the Schedule. 
4Substituted for the words “The Local Government may, by notification in the local Official Gazette” by the Government of India 
(Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extraordinary), dated: 1 April 1937, pp. 75-344, 
Article 3 read with the First Schedule. 
5The expression “Cen tral Government, subject to the provisions of section 124(1) of the Government of India Act, 1935, and 
the” was omitted by the Stamp (West Pakistan Amendment) Ordinance, 1959 (XLVI of 1959), published in the Gazette of West 
Pakistan (Extraordinary), dated: 15 August 1959, pp.753-754, s.7. 
6 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.2. 
7Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21  
January 1961; and, was published in the Gazette of Pakistan (Extraordinary ), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
 
(b) all or any of the pow ers conferred on the 
1
[Chief Revenue Authority]  by 
sections 45 (1)  (2), 56 (1) and 70 (2) to such subordinate Revenue -authority 
as may be specified in the notification.]  
77.  Saving as to court -fees.– Nothing in this Act contained shall be deemed to affec t 
the duties chargeable under any enactment for the time being in force relating to court-fees.  
78.  Act to be translated and sold cheaply.– 
2
[The] 
3
[Government] shall make provision 
for the sale of translations of this Act in the principal vernacular lan guages of the territories 
administered by it at a price not exceeding 
4
[twenty-five paisa] per copy.  
5
[79. Repeal.–  * * * * * * * * * * * * * * * *]  
                                                
1Substituted for the words “Chief Controlling Revenue -authority” by the Central Laws (Adaption) Order, 1961 (P.O. No. 1 of 
1961); made by the Minister exercising the functions of President under Article 2 of the State Arrangements Order, 1959 on 21 
January 1961; and, was published in the Gazette of Pakistan (Extraordinary), dated: 24 January 1961, pp. 102 -163, Article 2 
read with the Schedule: it came into force on 23 March 1956. 
2Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 32. 
3Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp, 1301-1311 s.2. It was earlier s ubstituted for the words “Local Government” by the Government of India 
(Adaptation of Indian Laws) Order, 1937, published in the Gazette of India (Extrao rdinary), dated: 1 April 1937, pp. 75-344, 
Article 4 read with the Table of General Adaptations. 
4Substituted for the words “four annas” by the Stamp (West Pakistan Amendment) Act, 1964 (II of 1964), published in the 
Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 12. 
5Repealed by the Repealing and Amending Act, 1914 (X of 1914), published in the Gazette of India, dated: 21 March 1914, pp. 
47- 59, s. 3 read with the Second Schedule. 
1
[SCHEDULE I 
Stamp-Duty on Instruments 
(See Section 3) 
 Description of Instrument  Proper Stamp-duty 
1. 
2
[ACKNOWLEDGMENT of a debt exceeding 
twenty rupees in amount or value, written or 
signed by, or on behalf of, a debtor in order to 
supply evidence of such debt in any book other 
than  a banker‟s pass -book or on a separate 
piece of paper when such book or  paper is left 
in the creditor‟s possession: 
Provided that such acknowledgment does not 
contain any promise to pay the debt or any 
stipulation to pay interest or to deliver any 
goods or other property- 
  
 (a) where such amount does not exceed ten 
thousand rupees.  
 Ten rupees 
 
 (b) where such amount exceeds ten thousand 
rupees but does not exceed twenty 
thousand rupees. 
 Twenty rupees 
 
 
 
 (c) where such amount exceeds twenty 
thousand rupees. 
 Fifty rupees.] 
 
 
2. ADMINISTRATION BOND, including a bond 
given under sections 291, 3 75 and 376 of the 
Succession Act 1925
3
, section 6 of the 
Government Savings Banks Act, 1873
4
– 
  
 
5
[* * * * *]  
6
[* * * * *] 
 
7
[* * * * *]  8
[One hundred] rupees. 
                                                
1Substituted by the West Pakistan Finance Or dinance, 1969 (VII of 1969), published in the Gazette of West Pakistan 
(Extraordinary), dated: 30 June 1969, pp. 1007 -1050, s.7 read with the Fifth Schedule: it came into force on 1 July 1969. This 
Ordinance was saved by Article 281 of the Interim Constitu tion of the Islamic Republic of Pakistan, 1972 and validated by the 
Validation of Laws Act, 19 75 (LXIII of 1975). It was earlier substituted by the Stamp (West Pakistan Amendment) Act, 1964 (II 
of 1964), published in the Gazette of West Pakistan (Extraordinary), dated: 7 March 1964, pp. 711-732, s. 13. 
2Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
3XXXIX of 1925. 
4V of 1873. 
5Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 33. 
6Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Ex traordinary), dated: 01 
October 2021, pp,1301-1311 s. 33. 
7Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 33. 
8Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word 
“Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 
1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
 Description of Instrument  Proper Stamp-duty 
 
  1
[Note: In case of registration 
of the instrument, an 
additional stamp duty of Rs.  
25/- shall be charged.]
 
3. ADOPTION-DEED, that is to say, any instrument 
(other than a will) recording an adoption or 
conferring or purporting to confer an authority to 
adopt. 
 2
[One hundred] rupees. 
 ADVOCATE, See ENTRY AS AN ADVOCATE  
(No. 30). 
 3
[Note: In case of registration 
of the instrument, an 
additional stamp duty of 
Rs.10/- shall be charged.] 
4. AFFIDAVIT, including an affirmation or 
declaration in the  case  of  persons  by law  
 4
[
5
[Three] hundred rupees].
 
 allowed to affirm or declare instead of swearing   
 EXEMPTIONS   
 Affidavit or declaration in writing when made–   
 (a) as a condition of   enrolment under the  
Indian Army Act, 1911
6
, or the Pakistan Army 
Act, 1952
7
 or the Indian Air Force Act, 1932
8
, 
or the Pakistan Air Force Act, 1953
9
; 
  
 (b) for the immediate purpose of being filed or 
used in any Court or before the officer of any 
Court; or 
  
 (c) for the sole purpose of enabling any person 
to receive any pension or charitable 
allowance. 
  
5. AGREEMENT OR MEMORAND UM OF AN 
AGREEMENT– 
  
 (a) if relating to the sale of a bill of exchange;  10
[Two] rupee. 
                                                
1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16  June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
2Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
4Substituted by the Stamp (Amendment) Act 2021 (XXIX of 202 1), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s. 33. 
into force on 1 July 2014. The word “Twenty” was earlier substituted for the word “Ten” by the Punjab Finance Act 1998 (VII o f 
1998), published in the Punjab G azette (Extraordinary), dated: 30 June 1998, pp.1577 -1580, s. 2: it came into force on 1 July 
1998. The word “Ten” was earlier substituted for the word “Five” by the Punjab Finance Act 1995 (VI of 1995), published in th e 
Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Five” was 
earlier substituted for the word “Four”  by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
5Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 2024, pp. 4999-5005, s. 3(a). 
6VII of 1911. 
7XXIX of 1952. 
8XIV of 1932. 
9VI of 1953. 
10Substituted for the word “One” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
 Description of Instrument  Proper Stamp-duty 
 (b) if relating to the sale of a Government 
security; 
 1
[One rupee] for every 
Rs.10,000 or part thereof of 
the value of the security , 
2
[subject to a maximum of 
one hundred rupees ] 3[but 
shall not be less than one 
hundred rupees.] 
 (c) if relating to the sale of a share in an 
incorporated company or other body 
corporate; 
 4
[One rupee] for every Rs. 
5,000 or part thereof of the 
value of the share. 
 
5
[(cc) if relating  to the sale of immovable 
property 
 6
[
7
[Three thousand] rupees] ] 
 
8
[(ccc) for collection or recovery of octroi or 
goods exit tax or tax on transfer of 
immovable property by a contractor with a 
Local Council. 
 Fifty paisa for every one 
hundred rupees or p art 
thereof of the amount of the 
contract] 9[but shall not be 
less than one hundred 
rupees.] 
  (d) if not otherwise provided for  10
[
11
[Five] hundred] rupees. 
 EXEMPTIONS   
 Agreement or Memorandum of an Agreement–   
 (a) for or relating to the purchase of or sale of 
goods or merchandise  exclusively, not 
being a NOTE OR MEMORANDUM 
chargeable under No. 43; 
  
 (b) made in the form of tenders to the 
Government] for or relating to any loan. 
  
                                                
1Substituted for the words “ Fifty paisa” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette 
(Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
2Ibid., for the words “subject to a maximum of fifty rupees”. 
3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Ibid., for the words “Twenty-five paisa”. 
5Added ibid. 
6Substituted for the words “One hundred rupees” by the Punja b Finance Act 2014 (XVII of 2014), published in the Punjab 
Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.  The words “One hundred” 
were earlier substituted for the word “Fifty” by the Punjab Finance Act  1998 (VII of 1998), published in the Punjab Gazette 
(Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998. 
7Substituted for the words “Twelve hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Pu njab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(b)(i). 
8Added by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, pp. 
1011-1014, s. 2: it came into force on the same day. 
9Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
10Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordi nary), dated: 01 
October 2021, pp,1301-1311 s.33. 
11Substituted for the word “ One” by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
dated: 27 June 2024, pp. 4999-5005, s. 3(b)(ii). 
12Substituted for the words “C entral Government” by the Federal Adaptation of Laws Order, 19 75 (P. O. No. 4 of 19 75), 
published in the Gazette of Pakistan (Extraordinary), dated 1 August 19 75, pp. 435 -467, Article 2 read with the Table of 
General Adaptations. 
 Description of Instrument  Proper Stamp-duty 
 AGREEMENT TO LEASE, see  
LEASE (No. 35). 
 1
[Note: In case of registration 
of the instrument, an 
additional stamp duty at the 
rate of 0.1% shall be 
charged.] 
2
[6. AGREEMENT RELATING TO DEPOSIT OF 
TITLE DEEDS, PAWN OR PLEDGE , that is to 
say, any instrument evidencing an agreement 
relating to– 
  
 (1) the depos it of title -deeds or instruments 
constituting or being evidence of the title to 
any property whatever (other than 
marketable security), or 
  
 (2) the pawn or pledge of movable property, 
where such deposit, pawn or pledge has 
been   made   by  way  of     security    for    
the  re-payment   of    money  
  
 advanced or to be advanced by way of loan 
or an existing or future debt– 
  
 (a) if such loan or debt is repayable on 
demand or more than three months from 
the date of the instrument evidencing the 
agreement; 
  
 (i) in the case of banking companies or 
other financial institutions,  when the 
entire finance is not based on 
interest; and 
 One-fifth of one percent, that 
is to say, 0.2% of the loan 
amount 3[but shall not be 
less than One hundred 
rupees] subject to a 
maximum of 
4
[five hundred 
thousand] rupees 5[but shall 
not be less than One 
hundred rupees]. 
 (ii) in any other case.  One-fifth of one percent, that 
is to say, 0.2% of the loan 
amount 6[but shall not be 
less than One hundred 
rupees.] 
 (b) if such loan or debt is repayable not more 
than three months from the date of such 
instrument; 
  
                                                
1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
2Substituted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, 
pp.5027-5029, s. 3: it came into force on 1 July 2006. 
3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Substituted for the words “one hundred thousand” by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab 
Gazette (Extraordinary), dated: 28 June 2019, pp. 4105-4114, s. 2: it came into force on 1 July 2019. 
5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 202 1), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
6Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
 Description of Instrument  Proper Stamp-duty 
 (i) in the case of banking companies or 
other financial institutions, when the 
entire finance is not based on 
interest; and 
 One-tenth of one percent, 
that is to s ay, 0.1% of the 
loan amount  1[but shall not 
be less than One hundred 
rupees], subject to a 
maximum of  
2
[five hundred 
thousand] rupees 3[but shall 
not be less than One 
hundred rupees.] 
 (ii) in any other case.  One-tenth of one percent, 
that is to say, 0.1 % of the 
loan amount  4[but shall not 
be less than One hundred 
rupees.] 
 
   
5
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty at the rate of 
0.1% shall be charged.] 
7. APPOINTMENT IN EXECUTION OF A POWER 
where made by any writing not being a will– 
  
 (a) of trustees  6
[One hundred] rupees. 
 (b) of property, movable or immovable  7
[One hundred] rupees. 
8. APPRAISEMENT OR VALUATION  made 
otherwise than under an order of the Court in 
the course of a suit– 
  
 (a) 
8
[* * * * *]  9
[* * * * *]. 
 (b) 10[* * * * *]  11
[* * * * *].  
                                                
1Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
2Ibid. for the words “fifty thousand”. 
3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
6Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Ext raordinary), dated: 01 
October 2021, pp,1301-1311 s.33. It was earlier s ubstituted for the words “Thirty -five” by the Punjab Finance Act 1995 (VI of 
1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103 -112, s. 2: it came int o force on 1 July 
1995. 
7Ibid., for the word “Seventy”. 
8Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
9Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
10Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
11Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. It was earlier, Ibid., for the word “fifty”.  The word “Fifty” was earlier substituted for the word 
“Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 
1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
 Description of Instrument  Proper Stamp-duty 
 EXEMPTIONS   
 (a) Appraisement of valuation made for the 
information of one party only, and not being 
in any manner obligatory  between parties 
either by agreement or operation of law. 
  
 (b) Appraisement of crop for the purpose of 
ascertaining the amount 
  
 to be given to a landlord as rent.   
9. APPRENTICESHIP-DEED, including every 
writing relating to the service or tuition of any 
apprentice, clerk or servant, placed with any 
master to learn any profession , trade or 
employment not being ARTICLES OF 
CLERKSHIP (No. 11). 
 1
[One hundred] rupees. 
 EXEMPTION   
 Instrument of apprenticeship executed by a 
Magistrate under the Apprentices Act, 1850
2
, or 
by which a person is apprenticed by or at the 
charge of any public charity. 
  
3
[10. ARTICLES OF ASSOCIATION OF A COMPANY* 
* * * * * * * * *  
 * * * * * * * * * * * * * * * *] 
11.
 
ARTICLES OF CLERKSHIP OR  contract 
whereby any person first becomes bound to 
serve as a clerk in order to  his admission as an 
attorney in any High Court. 
ASSIGNMENT, See CONVEYANCE (No. 23),  
TRANSFER (No. 62)  and TRANSFER OF 
LEASE (No. 63), as the case may be. 
 
4
[Seven hundred and fifty] 
rupees. 
 ATTORNEY. See ENTRY AS AN ATTORNEY 
(No. 30),  and POWER OF ATTORNEY (No. 
48). 
AUTHORITY TO ADOP T, See ADOPTION-
DEED (No. 3). 
  
5
[11-A AIR TICKETS issued by any Airline–   
 (i) for domestic flights;  Twenty five rupees per ticket 
 (ii) for international flights.  Two hundred and fifty 
rupees per ticket] 
1[11-AA ASSIGNABLE DEED that is to say righ ts, title 
and interests in an Immovable property are 
assigned, reassigned or transferred; 
  
                                                
1Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995) , published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word 
“Twenty-five” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 
1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
2XIX of 1850. 
3Deleted by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, 
pp.1989-1992, s.2; it came into force on 1 July 2004. 
4Substituted for the words “Five hundred” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
5Added by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, pp. 
1011-1014, s. 2: it came into force on the same day. 
 Description of Instrument  Proper Stamp-duty 
 (a) within twelve months; and   1% of the value of 
immovable property on each 
instance of assignment or 
transfer. 
 (b) Beyond twelve months.  2% of the value of 
immovable property on each 
instance of assignment or 
transfer.] 
2
[11-B AUTHENTICATED DECLARATIONS that is to 
say declarations of newspapers, periodicals or 
printing presses authenticated by a legally 
competent authority. 
 Five thousand rupees per 
Declaration.] 
 EXPLANATION I.– The duty shall be paid by the 
declarant. 
EXPLANATION II.– The declaration shall not be 
authenticated unless the duty is paid. 
  
12. AWARD, that is to say, any decision in writing by 
an arbitrator or umpire, not being an award 
directing a p artition, on a reference made  
otherwise than by an order of 
 3
[ 
4
[Three percent] of] the 
amount or value of the 
property to which the award  
relates  as  set forth 
 the Court in the course of a suit.  in such award 
5
[* * * * * * *].
 
 
6
[12-A * * * * * * * * * * * * * * * * *  * * * * * * * * * * * ** * * ** * ] 
7
[12-B   * * * * * * * * * * * * * * * *  * * * * * * * * * * * ** * * ** * ] 
13. BILL OF EXCHANGE  as defined by section 
2(2) not being BOND, bank note or currency 
note– 
  
 
8
[(a) where payable ot herwise than on demand 
but  not  more  than one year after date or 
sight– 
  
                                                                                                                                                  
1Inserted by the Stamp (Amendment) Act 2026 (XXIV of 2026), published in the Punjab Gazette (Extraordinary), dated: 06 May 
2026, pp,5839-5840 s.4 (a). 
2Added by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, 
pp.1577-1580, s. 2: it came into force on 1 July 1998. 
3Substituted for the words “Three rupees for every one hundred rupees or part thereof for” by the Punjab Finance Act, 2004 
(XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 
July 2004. The words “Three rupees for every one hundred rupees or part thereof” were earlier substituted for the words “The 
same duty as on a Bond (No. 15)” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette 
(Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
4Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. 
5The words “subject to a maximum of fifty rupees” were omitted by the Punjab Finance Act, 1990 (I of 1990), published in the 
Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
6Deleted by the Punjab Finance Ordinance, 2000 (III of 2000), published in the Punjab Gazette (Extraordinary), dated: 30 June 
2000, pp. 587 -595, s. 2: it came into force on 1 July 2000 : the said Ordinance was saved under Article 270AA o f the 
Constitution of the Islamic Republic of Pakistan, as substituted by the Constitution (Eighteenth Amendment) Act, 2010 (X of 
2010), published in the Gazette of Pakistan (Extraordinary), dated: 20 April 2010, pp. 267 -316, s. 96.  Added by the Punjab 
Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, pp. 1011-1014, s. 2:it came 
into force on the same day. 
7Ibid. 
8Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extrao rdinary), dated: 27 June 
1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
 Description of Instrument  Proper Stamp-duty 
 (i) if drawn singly  two rupees for every one 
thousand rupees or part 
thereof of the amount of the 
Bill 1[but shall not be less than 
one hundred rupees] 
 (ii) if drawn in set of two or more, for each 
part of the set 
 one rupee for every one 
thousand rupees or part 
thereof of the amount of the 
Bill] 2[but shall not be less than 
one hundred rupees] 
 (b) where payable more than one year after 
date or sight. 
  
 
3
[If drawn singly  Three rupees for every one 
thousand rupees or part 
thereof of the amount of the 
Bill 4[but shall not be less than 
one hundred rupees] 
 If drawn in set of two, for each part of the set  Two rupees for every one 
thousand rupees or part 
thereof of the amount o f the 
Bill 5[but shall not be less than 
one hundred rupees] 
 If drawn in set of three, for each part of the set  one rupee for every one 
thousand rupees or part 
thereof of the amount of the 
Bill] 6[but shall not be less than 
one hundred rupees] 
14. BILL OF LADING  (including a through bill of 
lading). 
Note– If a bill of lading is drawn in parts, the 
proper stamp therefor must be borne by each 
one of the sets. 
 7
[One hundred rupees]. 
 EXEMPTIONS–   
                                                
1Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
2Inserted by the St amp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Substituted for the words “One half of the duty payable on a Bond (No. 15) for the same amount” by the Punjab Finance Act 
1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103 -112, s. 2: it came into force 
on 1 July 1995. 
4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), date d: 01 
October 2021, pp,1301-1311 s.33. 
5Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
6Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), publi shed in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
 Description of Instrument  Proper Stamp-duty 
 (a) Bill of lading when the goods therein 
described are received at a place within the 
limits of any port as defined under the Ports 
Act, 1908
1
, and are to be delivered at 
another place within the limits of the same 
port. 
  
 (b) Bill of lading when executed out of Pakistan 
and relating to property to be delive red in 
Pakistan. 
  
2
[15. BOND as defined by section 2(5) not being a 
DEBENTURE (No. 27) and not being otherwise 
provided for by this Act, or by the Court Fees 
Act, 1870– 
  
 (i) where the amount or value secured does 
not exceed five hundred rupees 
 Fifteen rupees 3[but shall not 
less than one hundred 
rupees] 
 (ii) where it exceeds five hundred rupees, for 
every additional amount of five hundred 
rupees or part thereof 
 Fifteen rupees] 4[but shall not 
less than one hundred 
rupees] 
 See ADMINISTRATION BOND (No.2), 
BOTTOMERY BOND (No.16), CUSTOMS 
BOND (No.26). 
  
 INDEMNITY BOND (No.34), RESPONDENTIA 
BOND (No.56), SECURITY BOND (No.57). 
  
 Exemption   
 Bond when executed by any person for the 
purpose of guaranteeing that the local income 
derived from privat e subscription to a 
Charitable dispensary or hospital or any other 
object of public utility shall not be less than a 
specified sum per mensem. 
 
5
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty of Rs.25/ - shall 
be charged.] 
16. BOTTOMERY BOND , that is to say, any 
instrument where by the master of a seagoing 
ship borrows money on the security of the ship to 
enable him to preserve the ship or prosecute her 
voyage. 
 The same duty as on a bond 
(No. 15) for the same 
amount. 
6
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty of Rs.25/ - shall 
be charged.] 
                                                
1XV of 1908. 
2Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 
1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
3Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in th e Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
6Ibid. 
 Description of Instrument  Proper Stamp-duty 
17. CANCELLATION, instrument of (including any 
instrument by which any instrument previously 
executed is cancelled), if attested and not 
otherwise provided for. 
See also RELEASE (No. 55), REVOCATION OF 
SETTLEMENT (No. 58 -B), SURRENDER OF 
LEASE (No. 61) , REVOCATION OF TRUST 
(No. 64-B). 
 1
[
2
[Five] hundred rupees]. 
3
[18. 
4
[CERTIFICATE OF SALE  (in respect of each 
property put up as a separate lot and sold) 
granted to the purchaser of any property sold by 
public auction by a  Civil or Revenue Court, or 
Collector or other Revenue Officer: 
  
 
a) in case of immovable property in an urban 
area; and 
b) in any other case.
 
 5
[Two] percent of the value of 
the property. 
6[One] percent of the value of 
the property. 
NOTE: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
 
  (a) Rs.500/ -, if the amount 
of consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs. 1000/ -, if the 
consideration exceeds 
Rs.500,000/.]
 
                                                
1Substituted for the words “Fifty rupees” by the Punjab Finance Act 2014 (XVII of 2014), publi shed in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169 -4178, s. 2: it came into force on 1 July 2014. The word “Fifty” was earlier 
substituted for the word “Twenty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103 -112, s. 2: it came into force on 1 July 1995. The word “Twenty”  was earlier substituted for the 
word “Fifteen” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 
1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
2Substituted for the word “One” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 2024, pp. 4999-5005, s. 3(c). 
3Substituted by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 
1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
4Substituted by the Punjab Finance Act 2017 (XII of 2017), published in t he Punjab Gazette (Extraordinary), dated: 16 June 
2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017. It was earlier substituted by the Punjab Finance Act, 1995 (VI of 
1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, p p. 103-112, s.2; it came into force on 1 July 
1995. 
5Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 
2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
6Substituted for the word "Three"  by the Stamp (Amendment) Act 2026 (XXIV of 2026 ), published in the Punja b Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i). 
 Description of Instrument  Proper Stamp-duty 
19. 
1
[CERTIFICATE OR OTHER DOCUMENT  
evidencing the right or title of the holder thereof 
or any other person, either to any shares,  scrip 
or stock in or of any incorporated company or 
other body corporate, or to become proprietor of 
shares, scrip or stock in or of any such company 
or body. 
 One hundred rupees.] 
 
 See also LETTER OF ALLOTMENT OF 
SHARES (No. 36). 
  
20. CHARTER PARTY , that is to say, any 
instrument (except an agreement for the hire of 
a tug -steamer) whereby a vesse l or some 
specified principal part thereof is let for the 
specified purposes of the charterer, whether it 
includes a penalty clause or not. 
 2
[One hundred] rupees. 
21.  * * * *  * * * *     * * * *  * * * ** * * *  * * * *            
22. COMPOSITION-DEED, that is to say, any 
instrument executed by a debtor whereby    he    
conveys    his 
 
3
[One hundred] rupees. 
 property for the benefit of his creditors, or 
whereby payment of a composition or dividend 
on their debts is secured to the creditors, or 
whereby provision is made for the continuance of 
the debtor‟s business under the supervision of 
inspector or under letters of licence for the 
benefit of his creditors. 
  
4
[22-A. 
5
[CONTRACT, that is to say any instrument of 
the nature of memorandum of Agreement made 
or entered into by a contractor with 
Government, Corporation, Local Body, Local 
Authority, agency or organization set up or  
controlled by the  6[Federal Government] or the 
7[Government]- 
  
 (a) to execute any work–   
 (i) where the amount of the cont ract 
does not exceed five lac rupees. 
  
8
[Three thousand] rupees 
                                                
1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
2Substitution by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. It was earlier s ubstituted for the word “Five” by the Punjab Finance Act, 1995 (VI of 1995), 
published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s.2; it came into force on 1 July 1995. 
3Ibid., for the word “Fifty”. 
4Added by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated : 27 June 1995, 
pp. 103-112, s. 2: it came into force on 1 July 1995. 
5Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
6Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
7Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extr aordinary), dated: 01 
October 2021, pp,1301-1311 s.2 
8Substituted for the words “Twelve hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(i). 
 Description of Instrument  Proper Stamp-duty 
 (ii) where it exceeds five lac rupees but 
does not exceed ten lac rupees. 
 
1
[Five] thousand rupees 
 (iii) where it exceeds ten lac rupees but 
does not exceed fifty lac rupees. 
 
2
[Eight] thousand rupees 
 (iv) where it exceeds fifty lac rupees but 
does not exceed one crore and fifty 
lac rupees. 
 
3
[Fifteen] thousand rupees 
 (v) where it exceeds one crore and fifty 
lac rupees 
 
4
[Thirty] thousand rupees 
 (b) to procure stores and materials  Twenty-five paisas for every 
one hundred rupees or part 
thereof of the amount of the 
contract subject to a 
minimum of twelve hundred 
rupees.] ] 
5
[23. 
6
[CONVEYANCE as defined by section 2(10) 
not  being a  TRANSFER charged or exempted 
under Article 62: 
(a) I n case of immovable property in an urban 
area; and 
(b) in any other case 
  
 
 
7
[Two] percent of the value of 
property. 
8[One] percent of the value of 
the property. 
9[Note-I]: In case of 
registration of the 
instrument, an additional 
stamp duty shall be charged 
as under: 
                                                
1Substituted for the word “Two” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 2024, pp. 4999-5005, s. 3(d)(ii). 
2Substituted for the word “Three”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iii). 
3Substituted for the word “Five” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 2024, pp. 4999-5005, s. 3(d)(iv). 
4Substituted for the word “Ten” by the Punjab Finance Act 2024 (VIII of 2024), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 2024, pp. 4999-5005, s. 3(d)(v). 
5Substituted by the Punjab Finance Act 2010 (VI of 2010), published in t he Punjab Gazette (Extraordinary), dated: 28 June 
2010, pp. 3145-3150, s. 2: it came into force on 1 July 2010.  It  was earlier substituted by the Punjab Finance Act, 1986 (IV of 
1986), published in the Punjab Gazette (Extraordinary), dated: 14 June 1986,  pp. 1307-1309, s. 2. It was earlier substituted by 
the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, pp. 945-A to 
945D, s. 3: it came into force on 1 July 1975. 
6Substituted by the Punjab Fina nce Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 
2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.  
7Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 
2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s.2. 
8Substituted for the word "Three"  by the Stamp (Amendment) Act 2026 (XXIV of 2026 ), published in the Punjab Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i). 
9Substituted by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Ga zette (Extraordinary), dated: 24th June 
2022, pp. 6339-6345, s.2. 
 Description of Instrument  Proper Stamp-duty 
   (a) Rs.500/ -, if the amount 
of consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/-, if the amount 
of consideration 
exceeds Rs.500,000/-. 
1
[Note-II: The rate of the 
stamp duty shall be 0.5 
percent of the value of a 
property to be 
transferred to a Real 
Estate Investment Trust 
(REIT), and the rate of 
the stamp duty shall be 
one percent of the value 
of a property which is to 
be transferred by REIT 
to the end users. 
Explanation. The term 
“value” means the real 
value but not below the 
one prescribed in 
valuation table issued 
under section 27 -A of 
this Act.] 
2
[* * * * *].] 
 (c) 
3
[* * * * *]   
24. COPY OR EXTRACT certified to be a true copy 
or extract by or by order of any public officer and 
not chargeable under the law for the time being in 
force relating to court-fees– 
  
 (i) if the original was not chargeable with 
duty or if the duty with which it was 
chargeable does not exceed four rupees; 
 Two rupees. 
 (ii) in any other case  4
[Ten] rupees. 
 EXEMPTION   
 (a) Copy of any paper which a public officer is 
expressly required by law to make or 
furnish for record in any public office or for 
any public purpose; 
  
                                                
1Added by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), dated: 24 th June 2022, 
pp. 6339-6345, s.2. 
2Omitted by the Stamp (Amendment) Act 2021 (XX IX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Substituted for the word “Five” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Five” was earlier substituted for the word 
“Four” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 
1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
 Description of Instrument  Proper Stamp-duty 
 (b) Copy of, or extract from, any register 
relating to births, baptisms, namings, 
dedications, marriages (divorces), deaths 
or burials. 
  
25. 
1
[COUNTERPART OR DUPLICATE  of any 
instrument chargeable with 
  
 duty and in respect of which the proper duty 
has been paid–
 
  
 
2
[* * * * *];  
3
[* * * * *] 
 (b) 
4
[* * * * *] 
 
One hundred rupees.] 
 Exemption   
 Counterpart of any lease  granted to 
cultivator when such lease is exempted 
from duty. 
  
26. CUSTOMS-BOND–   
 (a) 
5
[* * * * *]  
6
[* * * * *] 
 (b) 
7
[* * * * *]  8
[One hundred] rupees. 
9
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty of Rs.25/ - shall 
be charged.] 
10
[27. DEBENTURE OR PARTICIPATION TERM 
CERTIFICATE OR TERM FINANCE 
CERTIFICATE OR ANY OTHER INSTRUMENT 
OF REDEEMABLE CAPITAL OTHER THAN A 
COMMERCIAL           PAPER  
 One-twentieth of one percent, 
that is to say, 0.05% of the 
face value 
1
[* * ] s ubject to a 
maximum of one million 
rupees 
2
[but shall not be less 
than one hundred rupees.] 
                                                
1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette ( Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
5Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
6Omitted by the Stamp (Amendment) Act 2021 (XX IX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
7Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
8Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary) , 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word  
“Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, p p. 
1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
9Inserted by the Punjab Finance Act 2017 (XII of 2017), published in  the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
10Substituted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, 
pp. 5027-5029, s. 3: it came into force on 1 July 2006. 
 Description of Instrument  Proper Stamp-duty 
 
(whether or not a mortgage debenture, a 
Participation Term Certificate, a Term Finance 
Certificate or any other instrument of redeemable 
capital), being a marketable security transferable 
by endorsement or by separate instrument of 
transfer or by delivery. 
  
 
Explanation-I.– The term “Debenture” includes 
any interest coupons attached thereto, but the 
amount of such coupons shall not be included in 
estimating the duty. 
  
 Explanation-II.– The term “Participation Term 
Certificate” means an instrument or certificate of 
a specified denomination called the face value 
or nominal value, issued by a company for 
raising capital,  the holder  whereof participates 
in the prof it and loss of the company over such 
period to such extent and on such conditions as 
may be specified at the time of its issue. 
  
 Explanation-III.– The term “Term Finance 
Certificate” means a fixed tenure instrument or 
certificate of a specified denomination called the 
face value or nominal value issued to raise 
capital by a body corporate in the form of 
transferable security.] 
  
3
[27-A. 
4
[DECREE, RULE OF A COURT OR AN 
ORDER OF A COURT  based on  mutual 
consent of the parties in cases involving transfer 
of an immovable property including sale, 
exchange, gift or mortgage, declaring or 
conferring a right in, or title to, an immovable 
property: 
a) in case of immovable property in an urban 
area; and 
b) in any other case 
 
 
 
 
 
 
 
5
[Two] percent of the value of 
the property. 
6[One] percent of the value of 
the property. 
                                                                                                                                                  
1The words “per annum” were omitted by the Punjab Finance Act, 2007 (IV of 2007), published in the Punjab Gazette 
(Extraordinary), dated: 30 June 2007, pp. 5665-5666, s. 2: it came into force on 1 July 2007. 
2Inserted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Inserted by the Punjab Finance Act 2008 (I of 2008), published in the Punjab Gazette (Extraordinary), dated: 27 June 2008, pp. 
4033-4035, s. 3: it came into force on 1 July 2008. 
4Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 
2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
5
Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 
2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s.2. 
6Substituted for the word "Three"  by the Stamp (Amendment) Act 2026 (XXIV of 2026 ), published in the Punjab Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i). 
 
 Description of Instrument  Proper Stamp-duty 
   NOTE: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-, if the amount of 
consideration does not 
exceed Rs.500,000/ -; 
and 
(b) Rs. 1000/ -, if the 
consideration exceeds 
Rs.500,000/-. 
 EXPLANATION.– Value, in this Article, means 
the value of the property in accordance with the 
valuation table as notified by the Collector or 
where valuation table is not available, the 
average sale price of a p roperty of similar 
nature in the same revenue estate  or locality in 
the preceding year as may be determined by 
the Collector.] 
  
28. 
1
[DELIVERY-ORDER IN RESPECT OF 
GOODS, that is to say, any instrument 
entitling any person therein named, or his 
assigns or the holder thereof, to the delivery 
of any goods lying in any dock or port, or in 
any ware -house in which goods are stored 
or deposited on rent or hire, or upon any 
wharf such instrument being signed by
 
 
One hundred rupees.] 
 or on behalf of the owner of  such goods 
upon the sale or transfer of the property 
therein, when such goods exceed in value 
twenty rupees. 
  
 DEPOSIT OF TITLE -DEEDS. see 
AGREEMENT relating to DEPOSIT OF 
TITLE-DEEDS, PAWN OR PLEDGE 
(No.6). 
  
 DISSOLUTION OF PARTNERSHIP, See 
PARTNERSHIP (No. 46). 
  
29. DIVORCE-Instrument of, that is to say any 
instrument by which any person effects the 
dissolution of his marriage. 
 2
[One 
3
[thousand] rupees]. 
 DOWER- Instrument of, See SETTLEMENT (No. 
58). 
  
                                                
1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
2Substituted for the words “Thirty rupees” by th e Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169 -4178, s. 2: it came into force on 1 July 2014. The word “Thirty” was earlier 
substituted for the word “Fifteen” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
3Substituted for the word “hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gaze tte 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(e). 
 Description of Instrument  Proper Stamp-duty 
 DUPLICATE, See COUNTERPART (No. 25).   
1
[30. ENTRY AS AN ADVOCATE, OR ATTORNEY 
ON THE ROLL OF ANY HIGH COURT * * * * * * 
* * 
 * * * * * ** * * * * ** * * * * *] 
2
[31. EXCHANGE of immovable property: 
(a)  in case of immovable property in an 
urban area; 
(b) in case of immovable property in rural 
area; 
(c) in case of exchange between urban and 
rural property. 
  
3[Two] percent of the value of 
each immovable property 
 
Three percent of the value of 
each immovable property 
4[Two] percent of the value of 
urban immovable property 
and three percent of the  
value of rural immovable 
property 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) five hundred rupees if 
the amount of 
consideration does 
not exceed five 
hundred thousand 
rupees; and 
(b)  one thousand  rupees 
if the  amount of 
 consideration 
 exceeds five 
 hundred thousand 
 rupees.] 
                                                
1Omitted by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, 
pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301 -1311 s.33. It was earlier substituted  by the Punjab Finance Act 2010 (VI of 2010), published in the 
Punjab Gazette (Extraordinary), dated: 28 June 2010, pp. 3145 -3150, s. 2: it came into force on 1 July 2010.  It was earlier 
substituted by the Punjab Finance Act 1997 (IX of 1997), published in the Punjab Gazette (Extraordinary), dated 1 July 1997, 
pp. 1011-1014, s. 2:it came into force on the same day. It was earlier substituted by the Punjab Finance Act, 1986 (IV of 1986), 
published in the Punjab Gazette (Extraordinary), dated: 14 June 1986, pp. 1307 -1309, s. 2. It was earlier substituted by the 
Punjab Finance Act, 1 975 (XL of 19 75), published in the Punjab Gazette (Extraordinary), dated: 28 June 19 75, pp. 945 -A to 
945D, s. 3: it came into force on 1 July 1975 . 
3
Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazett e (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. 
4
Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. 
 Description of Instrument  Proper Stamp-duty 
32. FURTHER CHARGE -Instrument of, that is to 
say, any instrument imposing a further charge 
on mortgaged property– 
  
 (a) when the original mortgage is one of the 
description referred to in clause (a) of 
Article No. 40 (that is, with possession); 
 
1
[Two percent of the] 
consideration equal to the 
amount of the further charge 
secured by such instrument. 
 (b) when such mortgage is one of the 
description referred to in claus e (b) of 
Article No. 40 (that is, without possession)– 
  
 (i) if at the time of execution of the 
instrument of further charge possession 
of the property is given or agreed to be 
given under such instrument; 
 2
[Two percent of the] 
consideration equal to th e 
total amount of the charge 
(including the original 
mortgage and any further 
charge already made) less 
the duty already paid on such 
original mortgage and further 
charge. 
 (ii) if possession is not so given  3
[Two percent of] the amount 
of the further charge secured 
by such instrument. 
4
[Note: In case of 
registration of the 
instrument, an  additional 
stamp duty shall be charged 
as under: 
(a) Rs.500/-, if the amount 
of consideration does 
not exceed 
Rs.500,000/-; and 
                                                
1Substituted for the expression “The same duty as on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX of 
2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989 -1992, s.2; it came into force on 1 July 
2004. 
2Substituted for the expressi on “The same duty as on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX of 
2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989 -1992, s. 2: it came into force on 1 July 
2004. 
3Substituted ibid., for the expression “The same duty as on a Bond (No.15) for”. 
4Inserted  by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
 Description of Instrument  Proper Stamp-duty 
  
 (b) Rs.1000/-, if the 
amount of 
consideration exceeds 
Rs.500,000/-.]
 
1
[33.
 2
[GIFT – Instrument of, including a 
memorandum of oral gift of an immovable 
property, not being a SETTLEMENT (Article 58) 
or WILL or TRANSFER (Article 62) – when 
executed in respect of an immovable property: 
a) in case of immovable property in an urban 
area; and 
 
  
 
 
 
 
3
[Two] percent of the value of 
the property: provided that if 
the gift deed is executed 
between spouses, father, 
mother, son, daughter, 
grandparent, sibling or from 
one wife or widow to another 
wife or w idow of the same 
husband, the rate of stamp 
duty shall be 
4
[Two] percent 
of the value of the property.
 
 
b) in any other case
 
 5[One] percent of the value of 
the property. 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-, if the amount 
of consideration does 
not exceed Rs.500,000/ -
; and 
   (b) Rs.1000/-, if the amount 
of consideration exceeds 
Rs.500,000/-.] 
34. INDEMNITY BOND  The same duty as on a 
Security Bond (No. 57) for 
the same amount. 
                                                
1Substituted by the Punj ab Finance Act 2010 (VI of 2010), published in the Punjab Gazette (Extraordinary), dated: 28 June 
2010, pp. 3145-3150, s. 2: it came into force on 1 July 2010.  It was earlier substituted by the Punjab Finance Act 1995 (VI of 
1995), published in the Punjab  Gazette (Extraordinary), dated: 27 June 1995, pp. 103 -112, s. 2: it came into force on 1 July 
1995. It was earlier substituted by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), 
dated: 28 June 1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975. 
2Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 
2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
3Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 
2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
4Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th  June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “three” by the Punjab Finance Act 2020 (VIII 
of 2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
5Substituted for the word "Three"  by the Stamp (Amendment) Act 2026 (XXIV of 2026 ), published in the Punjab Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i). 
 
 Description of Instrument  Proper Stamp-duty 
 INSPECTORSHIP-DEED, See COMPOSITION-
DEED (No. 22). INSURANCE- See POLICY OF 
INSURANCE (No. 47). 
  
 
 
 
1
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty of Rs.25/ - shall 
be charged.] 
35. 
2
[LEASE, including an under lease or sub -lease 
and any agreement to let or sub-let: 
  
 (1) whereby such lease the rent is fixed and no 
premium is paid or delivered: 
  
 (a) Where the lease purports to be for a 
term of less than twenty years: 
 3.25 percent of the average 
annual rent of the lease. 
 (b) Where the lease purports to be for a 
term of twenty years or above or in 
perpetuity: 
  
 (i) In case of immovable property in an 
urban area; 
 Two percent of the value of 
the immovable property or 
rental values whichever is 
higher 
 (ii) in any other case  Three percent of the value of 
the immovable property or 
rental value whichever is 
higher. 
 
Note: An additional stamp 
duty shall be charged as 
under: 
(a) Rs.500/-, if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/-, if amou nt of 
consideration exceeds 
Rs.500,000/-. 
 (c) where the lease is granted for advance 
money and where no rent is reserved: 
  
                                                
1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
 Description of Instrument  Proper Stamp-duty 
 (i) in case of immovable property in 
an urban area; and 
 Two percent of the 
consideration equal to the 
amount of advance as set 
forth in the lease. 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-, if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/-, if amount of 
consideration exceeds 
Rs.500,000/-. 
 (ii) in any other case  Three percent of the 
consideration equal to the 
amount of advance as set 
forth in the lease. 
Note: In case of registration 
of the instrument, an 
additional  
stamp duty shall be charged 
as under:  
(a) Rs.500/-,if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and  
(b)  Rs.1000/-,   if   the 
  amount        of  
  consideration   
  exceeds    
  Rs.500,000/- 
 (d) where the lease is granted for a fine or 
premium and where no rent is reserved: 
  
 Description of Instrument  Proper Stamp-duty 
 (i) in case of immov able property in an 
urban area; and 
 Two percent of the 
consideration equal to the 
amount of a fine or premium 
as set forth in the lease. 
 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-, i f the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/-, if amount 
of consideration 
exceeds 
Rs.500,000/-. 
 (ii) in any other case  Three percent of the 
consideration equal to the 
amount of advance as set 
forth in the lease. 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-, if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
(b)  Rs.1000/-,     if  
  amount        of  
  consideration   
  exceeds    
  Rs.500,000/-.
 
 (2)(a) where the lease is granted for money 
advanced in addition to the rent reserved: 
  
 Description of Instrument  Proper Stamp-duty 
 (i) in case of immovable property in an 
urban area; and  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Two percent of the 
consideration equal to the 
amount of advance as set 
forth in the lease, in addition 
to the duty which would have 
been payable on such lease, 
if no advance had been paid 
or delivered. 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-,if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
(b)  Rs.1000/-,     if  
  amount        of  
  consideration   
  exceeds    
  Rs.500,000/-. 
 
 Description of Instrument  Proper Stamp-duty 
 (ii) in any other case  Three percent of the 
consideration equal to the 
amount of advance as set 
forth in the leas e, in addition 
to the duty which would have 
been payable on such lease, 
if no advance had been paid 
or delivered. 
 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/-, if the 
amount of. 
Consideration does 
not exceeds 
Rs.500,000 /-; and 
(b) Rs.1000/-, if amount 
of consideration 
exceeds 
Rs.500,000/- 
 
 (b) where the lease is granted for a fine or 
premium in addition to the rent reserved 
  
 Description of Instrument  Proper Stamp-duty 
 (i) in case of immovable property in an urban 
area; and 
 Two percent of the 
consideration equal to the 
amount of advance as set 
forth in the lease, in addition 
to the duty which would have 
been payable on such lease, 
if no advance had been paid 
or delivered. 
Note. In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under:  
(a) Rs.500/- if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and  
(b) Rs.1000/- if amount 
of consideration 
exceeds 
Rs.500,000/- 
 (ii) in any other case  Three percent of the 
consideration equal t o the 
amount of advance as set 
forth in the lease, in addition 
to the duty which would have 
been payable on such lease, 
if no advance had been paid 
or delivered.  
Note: in case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under: 
(a) Rs.500/- if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and  
(b) Rs.1000/- if amount 
of consideration 
exceeds 
Rs.500,000/-”.] 
 Description of Instrument  Proper Stamp-duty 
36. 
1
[LETTER OF ALLOTMENT OF SHARES  in 
any company or proposed company or in 
respect of any loan to be raised by any 
company or proposed company. 
 
Fifty rupees] 
 See also CERTIFICATE OR OTHER 
DOCUMENT (No. 19). 
  
2
[37. LETTER OF CREDIT*  *  *       *  *  *   *  *  *   *  * ] 
38. LETTER OF LICENCE , that is to say, any 
agreement between a debtor and his creditors, 
that the letter shall, for a specified time, 
suspend their claims and allow the debtor to 
carry on business at his own discretion. 
 3
[One hundred] rupees. 
4
[39. MEMORANDUM OF ASSOCIATION OR A 
COMPANY * * * * *  
   *  *  * * * * * * * ] 
 
40.
 
MORTGAGE-DEED not being an AGREEMENT 
RELATING TO DEPOSIT OF TITLE -DEEDS, 
PAWN OR PLEDGE (No. 6) , BOTTOMERY 
BOND (No. 16), MORTGAGE OF A CROP (No. 
41), RESPONDENTIA BOND (No. 56) , OR 
SECURITY BOND (No. 57)– 
  
 (a) when possession of the property or any part 
of the property comprised  in  such  deed is 
given by the mortgagor or agreed to be 
given; 
 
5
[ 
6
[Three percent] of the]  
consideration equal to the 
amount secured by such 
deed. 
   7
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty shall be charge d 
as under: 
                                                
1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Pu njab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
2Deleted by the Punjab Finance Ordinance, 2000 (III of 2000), published in the Punjab Gazette (Extraordinary), dated: 30 June 
2000, pp. 587 -595, s. 2: it came into force on 1 July 2000 : the said Ordinance was saved under Article 270AA of the 
Constitution of the Islamic Republic of Pakistan, as substituted by the Constitution (Eighteenth Amendment) Act, 2010 (X of 
2010), published in the Gazette of Pakistan (Extraordinary), dated: 20 April 2010, pp. 267-316, s. 96. 
3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. It was earlier s ubstituted for the word “Thirty” by the Punjab Finance Act 1995 (VI of 1995), 
published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The 
word “Thirty” was earlier substituted for the word “Twenty -five” by the Punjab Finance Act, 1990 (I of 1990), published in the 
Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
4Deleted by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, 
pp. 1989-1992, s. 2: it came into force on 1 July 2004. 
5Substituted ibid., for the expression “The same duty as on a Conveyance (No.23) for a”. 
6Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. 
7Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), d ated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
 Description of Instrument  Proper Stamp-duty 
   (a) Rs. 500/ -, if the amount 
of consideration does not 
exceed Rs.500,000/ -; 
and 
(b) Rs.1000/-, if the amount 
of consideration exceeds 
Rs.500,000/-]
 
 (b) when possession is not given or agreed to 
be given as aforesaid; 
 1
[  
2
[Three percent]  of] the 
amount secured by such 
deed. 
 Explanation.– A mortgagor who gives to the 
mortgagee a power of attorney to collect rents 
or a lease of the property mortgaged or part 
thereof, is deemed to give possession within the 
meaning of this Article. 
  
   3
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty shall be charged 
as under: 
(a) Rs. 500/-, if the amount 
of consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/-, if the amount 
of consideration 
exceeds Rs.500,000/-]
 
 (c) when a collateral or auxiliary or additional or 
substituted security, or by 
  
 way of further assurance for the above 
mentioned purposes where the principal or 
primary security is duly stamped– 
  
                                                
1Substituted for the expression “The same duty as on a Bond (No.15) for” by the Punjab Finance Act, 2004 (XIX of 2004), 
published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp. 1989-1992, s. 2: it came into force on 1 July 2004. 
2Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. 
3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
 Description of Instrument  Proper Stamp-duty 
 for every sum secured not exceeding Rs. 
1,000; 
 Ten rupees. 
 and for every Rs. 1,000 or part thereof 
secured in excess of Rs. 1,000. 
 Ten rupees. 
 
1
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty shall be charged 
as under: 
(a) Rs. 500/-, if the amount 
of consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/-, if the amount 
of consideration 
exceeds Rs.500,000/-] 
 
2
[(d)(i) mortgage with banking companies, 
that is to say, simple or legal mortgage 
for banking companies or other financial 
institutions, when the entire finance is 
not based on interest; and 
 
3
[(i) 0.45% of the loan 
amount subject to a 
maximum of 
4
[five hundred 
thousand] rupees; and 
 (ii) in any other case.  (ii) 0.45% of the loan 
amount.] ] 
 EXEMPTIONS   
 (1) Instruments, executed by persons taking 
advances under th e Land Improvement 
Loans Act, 1883
5
, or the 
6
West Pakistan 
Agriculturists       Loans  
  
 Act, 1958
7
, or by their sureties as security 
for the repayment of such advances. 
  
 (2) Letter of hypothecation accompanying a 
Bill of Exchange. 
  
                                                
1Inserted by the Punjab Finance Act 2017 (XII of 20 17), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
2Inserted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, pp. 
5027-5029, s. 3: it came into force on 1 July 2006. 
3Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 
2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017.  
4Substituted for the words “one hundred thousand” by the Punjab Finance Act 2019 (XV of 2019), published in the Punjab 
Gazette (Extraordinary), dated: 28 June 2019, pp. 4105-4114, s. 2: it came into force on 1 July 2019. 
5XIX of 1883. 
6Now „Punjab‟. See the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette 
(Extraordinary), dated: 20 November 1974, pp.1425-A to 1425-PP, Article 2 and the Schedule; it came into force on 14 August 
1973. 
7West Pakistan Act XVII of 1958. 
 Description of Instrument  Proper Stamp-duty 
41. 1[MORTGAGE O F A CROP, including any 
instrument evidencing an agreement to secure 
the repayment of a loan made upon any 
mortgage of a crop, whether the crop is or is not 
in existence at the time of mortgage- 
  
 (a) When the loan is  repayable, not more than 
 three months from the  date of the 
instrument. 
 0.5 percent of the loan 
amount subject to a 
minimum of one hundred 
rupees.  
 (b) When the loan is repayable more than 
three months, but not more than eighteen 
months from the date of the instrument. 
 2 percent of the loan amount 
subject to a minimum of one 
hundred rupees.] ] 
42. 
2
[NOTARIAL ACT , that is to say, any 
instrument, endorsement, note, attestation, 
certificate or entry not being a PROTEST 
(No. 50) made or signed by a Notary Public 
in the execution of the duties of his office, or 
by any other person lawfully acting as a 
Notary Public. 
 Fifty rupees.] 
 See also PROTEST OF BILL OR NOTE 
(No.50). 
  
43. NOTE OR MEMORANDUM SENT BY a broker or 
agent to his principal intimating the purchase or 
sale on account of such principal– 
  
 (a) of any goods exceeding in value twenty 
rupees; 
 3
[ 
4
[Five] rupees]. 
 (b) of any stock or marketable security 
exceeding in value twenty rupees, not 
being a Government security; 
 5
[ 
6
[Five] rupees] for every 
Rs.5,000 or part thereof of 
the value of the stock or 
security.
 
 (c) of a Government security.  7
[One rupee] for every 
10,000 rupees or part 
thereof of the value of the 
security subject to a 
maximum of 
1
[Fifty] rupees. 
                                                
1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
2Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
3Substituted for the words “Fifty paisas” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
4Substituted for the word “Two” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
5Substituted for the words “Twenty -five paisa” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
6Substituted for the word “Two” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
7Substituted for the words “Twenty -five paisa” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
 Description of Instrument  Proper Stamp-duty 
44. NOTE OF PROTEST BY THE MASTER OF 
A SHIP. 
 2
[One hundred] rupees. 
 See also PROTEST BY MASTER OF A 
SHIP (No. 51) 
ORDER FOR THE PAYMENT OF MONEY. 
See BILL OF EXCHANGE (No. 13). 
  
45. PARTITION-Instrument of [as defined by 
section 2 (15)]. 
 3
[
4
[One percent] of] the 
amount of the value of the 
separated share or shares of 
the property. 
Explanation.– The largest 
share remaining after the 
property is partitioned (or if 
there are two or more shares 
of equal value and not 
smaller than any of the other 
shares, than one of such 
equal shares) shall be 
deemed to be that from 
which other shares are 
separated: 
   Provided always that– 
(a) when an instrument of 
partition containing an 
agreement to divide 
property in severalty is 
executed and a 
partition is effected in 
pursuance of such 
agreement, the duty 
chargeable upon the 
instrument affecting 
such partition shall be 
reduced by the amount 
of duty paid in  respect 
of the first instrument 
but shall not be less  
than 
5
[one hundred 
rupees];
 
                                                                                                                                                  
1Substituted for the word “forty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Substituted for the words “Th ree rupees for every one hundred rupees or part thereof for” by the Punjab Finance Act, 2004 
(XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 
July 2004. The words “Three rupees for every one hundred rupees or part thereof” were earlier substituted for the words “The 
same duty as on a Bond (No. 15)” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette 
(Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
4
Substituted for the word “ Two percent ” by the Punjab Finance Act 2020 (VIII of 2020) , published in the Punjab Gazette 
(Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
5Substituted for the words “four rupees” b y the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette 
(Extraordinary), dated: 30 June 2004, pp. 1989-1992, s. 2: it came into force on 1 July 2004. 
 Description of Instrument  Proper Stamp-duty 
   (b) where land is held on 
Revenue Settlement for 
a period not exceeding 
thirty years and paying 
the full assessment, the 
value for purpose of 
duty shall be calculated 
at not more than five 
times the annual 
revenue; 
   (c) where a final order for 
effecting a partition 
passed by any 
Revenue authority or 
any Civil Court, or an 
award by an arbitr ator 
directing a partition, is 
stamped with the stamp 
required for an 
instrument of partition,      
and     an 
   instrument of partition in 
pursuance of such order 
or award is 
subsequently executed, 
the duty on such 
instrument shall not 
exceed 
1
[one hund red 
rupees]. 
                                                
1Substituted for the words “four rupees” by the Punjab Finance Act, 2004 (XIX of 200 4), published in the Punjab Gazette 
(Extraordinary), dated: 30 June 2004, pp. 1989-1992, s. 2: it came into force on 1 July 2004. 
 Description of Instrument  Proper Stamp-duty 
   
1
[(d) when instrument of 
partition is executed in 
respect of agricultural 
land, the Stamp Duty 
shall be charged as one 
rupee for  every  rupees 
one hundred or part 
thereof of the value of 
such land.] 
2
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty shall be charged 
as under: 
(a) Rs. 500/-, if the amount 
of consideration does 
not exceed Rs. 
500,000/-; and 
(b) Rs.1000/-, if the 
amount of 
consideration exceeds 
Rs. 500,000/-.] 
3
[Exception.– 
Notwithstanding  anything 
contained   herein,  a  fixed 
   stamp duty of five hundred 
rupees shall be charged in 
respect of an instrument of 
partition relating to an urban 
or rural property including 
agricultural  land, which is 
partly or wholly based on 
opening of inheritance.] 
46. PARTNERSHIP–  
A-INSTRUMENT OF– 
  
 (a) where the capital of the partnership does not 
exceed Rs. 
4
[10,000]; 
 5
[Two hundred rupees]. 
 (b) in any other case  6
[One thousand rupees]. 
                                                
1Added by the Punjab Finance Act, 19 75 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 19 75, 
pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 . 
2Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
3Inserted by the Punjab Finance Act 2012 (XLI of 2012), published in the Punjab Gazette (Extraordinary), dated: 25 June 2012, 
pp. 41719 -41724: it came into force on 1 July 2012. 
4Substituted for the figure “500” by the Punjab Finance Act, 1990 (I of 1990), published in t he Punjab Gazette (Extraordinary), 
dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
5Substituted for the words “One hundred rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab 
Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. The words “One hundred” 
was earlier substituted for the words “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette 
(Extraordinary), dated: 27  June 1995, pp. 103 -112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier 
substituted for the word “Ten” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), 
dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
6Ibid., for the words “Five hundred rupees”. The words “Five hundred” were earlier substituted for the words “Two hundred and 
fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazett e (Extraordinary), dated: 27 June 1995, pp. 
 Description of Instrument  Proper Stamp-duty 
 B-DISSOLUTION OF–  1
[Half of the Stamp duty 
payable on original]. 
 PAWN OR PLEDGE – See AGREEMENT 
RELATING TO DEPOSIT OF TITLE -DEEDS, 
PAWN OR PLEDGE (No. 6) 
  
 
 
 
2
[Note: In case of 
registration of the 
instrument,   an   additional 
 
 
 stamp duty of Rs.25/ - shall 
be charged.] 
47. 
3
[POLICY OF INSURANCE– 
A-See INSURANCE (see section 7)– 
  
 For each voyage–  if drawn 
singly. 
if drawn in 
duplicate, 
for each 
part. 
 
 (i) where the premium or consideration does 
not exceed the rate of 1/8 percent of the 
amount insured by the policy; 
 Ten rupees Ten rupees 
 
 for every full sum of Rs. 5,000 and also 
any fractional parts thereof insured by 
the policy–; 
  
 (ii) in any other case, in respect of every full 
sum of Rs. 2,000 and also any fractional 
part thereof insured by the policy. 
 Ten rupees Ten rupees 
 
 (2) For time–   
 in respec t of every full sum of Rs.2,000 or 
part thereof insured by the policy– 
  
 (i) where the insurance shall be made for 
any time not exceeding six months; 
 Ten 
rupees 
Ten 
rupees 
 
 
 
 (ii) where the insurance shall be made for 
any time exceeding six months a nd not 
exceeding twelve months. 
 Twenty 
rupees 
Ten rupees 
 
 B-FIRE-INSURANCE AND OTHER CLASSES 
OF INSURANCE, NOT ELSEWHERE 
INCLUDED IN THIS ARTICLE, COVERING 
GOODS, MERCHANDISE, PERSONAL 
EFFECTS, CROPS, AND OTHER PROPERTY 
AGAINST LOSS OR DAMAGE– 
  
 (1) in respect of an original policy–   
                                                                                                                                                  
103-112, s. 2: it came into force on 1 July 1995. The words “Two hundred and fifty” were earlier substituted for the word “Fifty”  
by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A 
to 1165-G, s. 2: it came into force on 1 July 1990. 
1Substituted for the words “Twenty -five rupees” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
2Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
3Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
 Description of Instrument  Proper Stamp-duty 
 (i) when the sum insured does not exceed 
Rs.5,000; 
 Fifty rupees 
 (ii) in any other case and  One hundred rupees 
 (2) in respect of each receipt for any payment of 
a premium on any renewal of an original 
policy. 
 One half of the duty payable 
in respect of the original 
policy in addition to the 
amount, if any, chargeable 
under No. 53. 
 C-ACCIDENT AND SICKNESS-INSURANCE–   
 (a) Against railway accident, valid for a single 
journey only. 
 Fifty rupees 
 Exemption   
 When issued to a passenger travelling by the 
intermediate or the third class in any railway. 
  
 (b) In any other case for the maximum 
amount which may become payable in the 
case of any single accident or sickness 
where such amount does not exceed  
Rs.2,000  and 
 Ten rupees; provided that, in 
case of a policy of insurance 
against death by accident 
when the annual premium 
payable does not exceed 
Rs. 10  per Rs. 100,000 the 
duty on such instrument   
shall   be   ten 
 also where such amount exceeds Rs.2,000 
for every Rs.2,000 or part thereof. 
 rupees for every Rs. 1,000 
or part thereof of the 
maximum amount which 
may become payable under 
it. 
 D-INSURANCE BY WAY OF INDEMNITY – 
Against liability to pay damages on account of 
accidents to workmen employed by or under the 
insurer or against liability to pay compensation 
under the   Workmen‟s Compensation Act, 
1923, for every Rs.100 or part thereof payable 
as premium. 
 Three rupees 
 E-LIFE INSURANCE OR OTHER INSURANCE 
NOT SPECIFICALLY PROVIDED FOR,  except 
such a RE-INSURANCE as is described in 
Division of this article– 
 
 
If drawn 
singly 
If drawn in 
duplicate for 
each part 
 (i) for every sum insured not exceeding 
Rs.250; 
 Ten rupees Ten rupees 
 
 (ii)  for every sum insured exceeding Rs.250 
but not exceeding Rs.500; 
 Ten rupees Ten rupees 
 
 (iii) for every sum insured exceeding Rs.500 
but not exceeding Rs.1,000 and also for 
every Rs.1,000 or part thereof in excess 
of Rs.1,000. 
 Ten rupees Ten rupees 
 
 Exemption   
 Policies of life insurance granted by the 
Director-General of Post Offices in accordance 
with rules for Postal Life Insurance issued under 
the authority of the Federal Government. 
  
 Description of Instrument  Proper Stamp-duty 
 F-RE-INSURANCE BY AN INSURANCE 
COMPANY WHICH HAS GRANTED A POLICY 
OF THE NATURE SPECIFIED IN DIVISION A 
OR DIVISION B OF THIS ARTICLE WITH 
ANOTHER COMPANY BY WAY OF 
INDEMNITY OR GUARANTEE AGAINST THE 
PAYMENT ON THE ORIGINAL INSURANCE 
OF A CERTAIN PART OF THE SUM INSURED 
THEREBY. 
 One half of the duty 
payable in respect of the 
original insurance but not 
less than ten rupees o r 
more than one hundred 
rupees.] 
 General Exemption   
 Letter of cover or engagement to issue a policy 
of insurance: 
  
 Provided that, unless such letter or engagement 
bears the stamp prescribed by this Act for such 
policy nothing shall be claimable the reunder, 
nor shall it be available for any purpose, except 
to compel the delivery of the policy therein 
mentioned. 
  
48. POWER-OF-ATTORNEY as defined by section 
2 (21), not being a proxy (No. 52)– 
  
 
1
[(a) when executed for authorizing not more 
than ten persons; 
 2
[
3
[Two thousand]] rupees. 
4
[Note: In case of 
registration of the 
instrument,   an   additional 
                                                
1Sub Articles (a) to (f) were substituted by the Punjab Finance Act 1995 ( VI of 1995), published in the Punjab Gazette 
(Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
2Substituted for the words “One hundred” by the Punjab Finance Act 1998 (VII of 1998), published in the Punjab Gazette 
(Extraordinary), dated: 30 June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998. 
3Substituted for the words “Five hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(f)(i). 
4Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
 Description of Instrument  Proper Stamp-duty 
  
 
(b) when given for consideration and 
authorizing the attorney to sell any 
immovable property 
 
 
 
 
 
 
 
 
 
 
 
 
 
1
[(bb) when given without consideration for 
authorising the attorney to sell any 
immovable property. 
 stamp duty of Rs.25/ - shall 
be charged.] 
 
2
[Three percent of the 
amount calculated according 
to the value notified by the 
District Collector]. 
3
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty shall be charged 
as under: 
(a) Rs. 500/ -, if the 
amount of 
consideration does not 
exceed Rs. 500,000/ -; 
and 
(b) Rs.1000/-, if the 
amount of 
consideration exceeds 
Rs. 500,000/-.] 
4
[(a) 
5
[Three thousand]  
rupees in case the 
Power of A ttorney is 
executed between 
spouses  or   between 
                                                
1Added by the Punjab Finance Act 1998 (VII of 1998) , published in the Punjab Gazette (Extraordinary), dated: 30 June 1998, 
pp.1577-1580, s. 2: it came into force on 1 July 1998. 
2Substituted for the words “Three percent of the amount of the consideration” by the Punjab Finance Act 2016 (XXXV of 2016), 
published in the Punjab Gazette (Extraordinary), dated: 29 June 2016, pp. 6083 -6092, s. 2: it came into force on 1 July 2016. 
The words “Three percent” were earlier substituted for the words “Two percent”  by the Punjab Finance Act 2014 (XVII of 2014), 
published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169 -4178, s. 2: it came into force on 1 July 2014. 
The words “Two percent of” were earlier substituted for the words “The same duty as is leviable on a Conveyance (No.23) for” 
by the Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-
1992, s.2; it came into force on 1 July 2004. 
3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordi nary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
4Substituted for the words “Twelve hundred rupees” by the Punjab Finance Act 2016 (XXXV of 2016), published in the Punjab 
Gazette (Extraordinary), dated: 29 June 2016, pp. 6083-6092, s.2: it came into force on 1 July 2016. The words “Twelve 
hundred rupees”  were earlier substituted for the words “One thousand rupees” by the Punjab Finance Act 2014 (XVII of 2014), 
published in the Punjab Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.   
5Substituted for the words “Twelve hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(f)(ii). 
 Description of Instrument  Proper Stamp-duty 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(c)  in any other case 
 
Explanation 1. – For the purposes of this 
Article more persons than one when 
belonging to the same firm shall be deemed to 
be one person. 
Explanation 2. – The term “ Registration” 
includes every operation incidental to 
registration under the Registration Act, 1908
1
. 
 one wife or widow and 
another  wife or widow 
of the same husband, or 
between father, mother, 
son, daughter, 
grandparents, 
grandchildren or 
siblings; and 
(b) Two percent of the 
value calculated 
according to the value 
notified by the District 
Collector in all other 
cases.] 
2
[Note: In case of 
registration of the 
instrument, an additional 
stamp duty of Rs.25/ - shall 
be charged.] 
3[One hundred]  rupees 
for each person authorized]
 
49. 
4
[PROMISSORY NOTE  as defined by section 
2(22)– 
  
 (a) when payable on demand –   
 (i) when the amount or value does not 
exceed Rs. 2,50,000/- 
 Two hundred rupees 
 (ii) when the amount or value exceeds Rs. 
2,50,000/- but does not e xceed Rs. 
5,00,000/- 
 Three hundred rupees 
 (iii) in any other case  Five hundred rupees 
 (b) when payable otherwise than on demand, 
including a commercial paper. 
 One-fiftieth of one percent, 
that is to say, 0.02% per 
annum of the amount 
payable subject  to a 
maximum of one hundred 
thousand rupees.] 
                                                
1XVI of 1908. 
2Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
3 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021) , published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
 Description of Instrument  Proper Stamp-duty 
50. 
1
[PROTEST OF BILL OR NOTE , that is to say, 
any declaration in writing made by a Notary 
Public, or other person lawfully acting as such, 
attesting the dishonour of a Bill of Exchange for 
promissory note. 
 One hundred rupees.] 
51.  PROTEST BY THE MASTER OF A SHIP, that is 
to say, any declaration of the particulars of her 
voyage drawn up by him with a view to the 
adjustment of losses or the calculation of 
averages,         and every declaration in writing 
made by him against the charterers or the 
consignees or not loading or un -loading the 
ship, such declaration    is    attested  or 
 2
[One Hundred] rupees. 
 certified by a Notary Public or other person 
lawfully acting as such. 
See also NOTE OF PROTEST BY THE  
MASTER OF A SHIP (No. 44). 
  
52. 
3
[PROXY empowering any person to vote at any 
one election of the members of a district or local 
board or of a body of municipal commissioners, 
or at any one meeting of (a) members of an 
incorporated company or other body corporate 
whose stock or funds is or are divided into 
shares and transferable; (b) a local authority; or 
(c) proprietors, members or contributors to the 
funds of any institution. 
 Fifty rupees.] 
53. 
4
[RECEIPTS as defined by section 2 (23) for any 
money or other property the amount or value of 
which exceeds twenty rupees– 
  
 (a) where such amount does not exceed ten 
thousand rupees 
 Ten rupees 
 (b) where such amount exceeds ten thousand 
rupees but does not exceed twenty 
thousand rupees 
 Twenty rupees 
 (c)  where such amount exceeds twenty 
thousand rupees 
 Fifty rupees] 
 Exemptions   
 Receipts–   
                                                
1Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. It was earlier s ubstituted for the word “Five”  by the Punjab Finance Act 1995 (VI of 1995), 
published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The 
word “Five” was earlier substituted for the word “Four” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab 
Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
3Substituted by the Punjab Finance Act 2018 (XXX of 2018), published in the Punjab Gazette (Extraordinary), dated: 29 
October 2018, pp. 805-818, s. 2: it came into force on 1 November 2018. 
4Ibid. 
 Description of Instrument  Proper Stamp-duty 
 (a) endorsed on or contained in any instrument 
duly stamped or any instrument exempted 
under the proviso to section 3 (instruments 
executed on behalf of the G overnment) or 
any cheque or bill of exchange, payable on 
demand acknowledging the receipt of the 
consideration money therein expressed, or 
the receipt of any principal -money, interest 
or annuity, or other periodical payment 
thereby secured; 
  
 (b) for any  payment of money without 
consideration; 
  
 (c) for any payment of rent by a cultivator on 
account of land assessed to Government 
revenue; 
  
 (d) for pay or allowances by non -
commissioned or petty officers, soldiers, 
sailors or airmen of the armed forces  of 
Pakistan/Pakistan‟s military, naval or air 
forces, when serving in such capacity, or 
by mounted police-constables; 
  
 (e) given by holders of family -certificates in 
cases where the person from whose pay or 
allowances the sum comprised in the 
receipt h as been assigned as a non -
commissioned or petty officer, soldier, 
sailor or airman, or any of the said forces 
and serving in such capacity; 
  
 (f) for pensions or allowances by persons 
receiving such pensions or allowances in 
respect of their services as such, non -
commissioned or petty officers, soldiers, 
sailors or airmen, and not serving the State 
in any other capacity; 
  
 (g) given by a headman or lambardar for land -
revenue or taxes collected by him; 
  
 (h) given for money or securities for money 
deposited in the hands of any banker to be 
accounted for: 
  
 Provided that the same is not expressed to 
be received of, or by the hands of, any 
other than the person to whom the same is 
to be accounted for: 
  
 Provided also that this exemption shall not 
extend to receipt or acknowledgment for 
any sum paid or deposited for, or upon a 
letter of allotment of a share, or in respect 
of a call upon any scrip or share of, or in, 
any incorporated company or other body 
corporate or such proposed or intended 
company or  body or in respect of a 
debenture being a marketable security.  
  
 Description of Instrument  Proper Stamp-duty 
54. RE-CONVEYANCE OF MORTGAGE 
PROPERTY– 
  
 (a) 1[* * * * *]  2
[* * * * *]. 
 (b) 3[* * * * *]  4
[One 
5
[thousand]] rupees. 
   6
[Note: in case of the 
registration of the 
instrument, an add itional 
stamp duty shall be charged 
equal to the amount of the 
registration fee paid on the 
principal mortgage deed.] 
                                                
1 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
2 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordin ary), dated: 01 
October 2021, pp,1301-1311 s.33. It was earlier Substituted for the expression “The same duty as on a Bond (No.15) for the 
amount of such consideration as set forth in the re -conveyance” by the Punjab Finance Act 1995 (VI of 1995), publishe d in the 
Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
3 Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
4Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary) , 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. The word “Fifty” was earlier substituted for the word 
“Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, p p. 
1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
5Substituted for the word “hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(g). 
6Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
 Description of Instrument  Proper Stamp-duty 
1
[55. RELEASE, that is to say any instrument not 
being such a release as is provided for by 
section 23A whereby a person renounces a 
claim on another person or against any 
specified property.  
(a) When executed between spouses or 
between one wife or widow of the same 
husband or between father, mother, son, 
daughter, grandparents, grandchildren, or 
sibling. 
(i) In case of immovable property in an urban 
area. 
 
(ii) In case of immovable property in rural area. 
(b) In any other case 
(i) In case of immovable property in an urban 
area. 
 
(ii) In case of immovable property in rural area. 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
2[2] percent of the value of 
the share o f the immovable 
property over which the 
claim is renounced. 
3[1] percent of the value of 
the share of the immovable 
property ove r which the 
claim is renounced. 
4[2] percent of the value of 
the share of the immovable 
property over which the 
claim is renounced. 
5[1] percent of the value of 
the share of the immovable 
property over which the 
claim is renounced. 
Note: In case of registration 
of the instrument: 
(a) Rs.500/-, if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
 
(b)  Rs.1000/-, if the  
  amount of    
  consideration   
  exceeds  
  Rs.500,000/-”.] 
                                                
1Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301 -1311 s.33. It was earlier, s ubstituted by the Punjab Finance Act,  1990 (I of 1990), published in the 
Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
2
Substituted for the figure “1” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gaz ette (Extraordinary), 
dated: 24th  June 2022, pp. 6339-6345, s.2. 
3Substituted for the figure  "3" by the Stamp (Amendment) Act 2026 (XXIV of 2026 ), published in the Punjab Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (ii)a. 
4
Substituted for the figure “1” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th  June 2022, pp. 6339-6345, s.2. 
5Substituted for the figure  "3" by the Stamp (Amendment) Act 2026 (XXIV of 2026 ), published in the P unjab Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (ii)b. 
 Description of Instrument  Proper Stamp-duty 
56. RESPONDENTIA BOND , that is to say, any 
instrument securing a loan on the cargo laden 
or to be laden on board a ship and making 
repayment contingent on the arrival of the cargo 
at the port of destination. 
 The same duty as on a Bond 
(No. 15) for the amount of 
the loan secured. 
 REVOCATION OF ARMY TRUST OR 
SETTLEMENT. 
  
 See SETTLEMENT (No. 58), TRUST (No. 64).   
   
1
[Note: In case of 
registration of the 
instrument, an additional 
stamp dut y of Rs.25/ - shall 
be charged.] 
57. SECURITY BOND OR MORTGAGE DEED  
executed by way of security for the due 
execution of an office, or to account for money 
or other property received by virtue thereof or 
executed in favour of a Court for the due 
discharge of a contingent liability or executed by 
a surety to secure the due performance of a 
contract– 
  
 (a) when the amount secured does not exceed 
Rs. 1,000; 
 2
[Thirty rupees]. 
 (b) in any other case.  3
[One hundred] rupees. 
 EXEMPTIONS   
 Bond or other instrument, when executed–   
 (a) by any person for the purpose of 
guaranteeing that the local income derived 
from private subscriptions to a charitable 
dispensary  or hospital or any other object of 
public utility shall  not  be  less  than a 
specified sum per mensem; 
  
 (b) under No. 3 -A of the rules made by the 
Provincial Government under section 70 of 
the Sind Irrigation Act, 1879
4
; 
  
 (c) executed by persons taking advances 
under the Land Improvement Loans Act, 
1883
5
, or the 
1
[Punjab] Agriculturists Lo ans 
Act, 1958
2
, or by their sureties, as security 
for repayment of such advances; 
  
                                                
1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
2Substituted for “The same duty as on a Bond (No.15) for the amount secured” by the Punjab Finance Act 1995 (VI of 1995), 
published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
3Ibid., for the word “Fifty”. The word “Fifty” was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 
1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, pp. 1165 -A to 1165-G, s. 2: it came into force on 
1 July 1990. 
4Sindh VII of 1879. 
5XIX of 1883. 
 Description of Instrument  Proper Stamp-duty 
 (d) executed by servants of the State or their 
sureties to secure the due execution of an 
office or the due accounting for money or 
other property received by virtue thereof. 
  
 
 
 
 
 
  
3
[Note: In case of 
registration of the 
instruments, an additional 
stamp duty of Rs.25/ - shall 
be charged.] 
58. SETTLEMENT–   
 A-Instrument of (including a deed of dower)–   
 
4
[(i) Where the settlement is made  in  favour  
of legal  
 5
[
6
[One] percent] of the value 
of the property.] 
 heirs in respect of agricultural land.
   
 
7
[(ii)] where the settlement is made for a 
religious or charitable purpose; 
 8
[ 
9
[
10
[One] percent] of the] 
sum equal to the amount or 
value of the property settled. 
                                                                                                                                                  
1Substituted by the Punjab Laws (Adaptation) Order, 1974 (P.O. No.1 of 1974), published in the Punjab Gazette 
(Extraordinary), dated: 20 November 1974, pp.1425-A to 1425-PP, Article 2 and the Schedule: it came into force on 14 August 
1973. 
2West Pakistan Act XVII of 1958. 
3Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
4Inserted by the Punjab Finance Act, 1975 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 1975, 
pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 . 
5Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014 ), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into  force  
on 1 July 2014.  The words “Two percent” were earlier substituted for the words “Two rupees for every one hundred rupees or 
part thereof” by t he Punjab Finance Act, 2004 (XIX of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 
2004, pp.1989-1992, s.2; it came into force on 1 July 2004.The words “Two rupees” were earlier substituted for the words “One 
rupee” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 
103-112, s. 2: it came into force on 1 July 1995. 
6
Substituted for the word “ Three” by the Punjab Finance Act 2020 (VIII of 2020) , published in the Punja b Gazette 
(Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
7Renumbered by the Punjab Finance Act, 19 75 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 
1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 . 
8Substituted for the words “The same duty as on a Bond (No.15) for a” by the Punjab Finance Act, 2004 (XIX of 2004), 
published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004. 
9Substituted for the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. 
10Substituted for the word “ Three” by the Punjab Finance Act 2020 (VIII of 2020) , published in the Punjab Gazette 
(Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
 Description of Instrument  Proper Stamp-duty 
 
1
[(iii)] in any other case  2
[ 
3
[
4
[One] percent] of the]  
consideration  equal  to the 
amount or value of the 
property settled: 
Provided that, where an 
agreement to settle is 
stamped with the stamp 
required for an instrument of 
settlement, and an 
instrument  of  settlement in 
pursuance of such 
agreement is subsequently 
executed, the duty on such 
instrument shall not exceed  
5
[one hundred rupees]: 
Provided further that, where 
an instrument of settlement 
contains any provision for 
the revocation 
   of the sett lement, the 
amount or value of the 
property settled shall, for the 
purposes of duty, be 
determined as if no such 
provisions were contained in 
the instrument. 
 EXEMPTIONS   
 Deed of dower executed on the occasion of a 
marriage between Muslims. 
  
 B-Revocation of–  6
[
7
[One] percent of the] 
consideration equal to the 
amount or value of the 
property concerned, as set 
forth in the instrument of    
Revocation but not 
exceeding 
8
[one hundred 
rupees]. 
                                                
1Renumbered by the Punjab Finance Act, 19 75 (XL of 1975), published in the Punjab Gazette (Extraordinary), dated: 28 June 
1975, pp. 945-A to 945D, s. 3: it came into force on 1 July 1975 . 
2Substituted for the words “The same duty as is leviable on a Conveyance (No.23) for a” by the Punjab Finance Act, 2004 (XIX 
of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 
2004. 
3Substituted for  the words “Two percent” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab Gazette 
(Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014. 
4Substituted for the word “ Three” by the Punjab Finance Act 2020 (VIII of 2020) , published in the Punjab Gazette 
(Extraordinary), dated: 29 June 2020, pp. 4353-4359, s. 2. 
5Substituted for the words “four rupees” by the Punjab Finance Act, 2004 ( XIX of 2004), published in the Punjab Gazette 
(Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 2004. 
6Substituted for the words “The same duty as is leviable on a Conveyance (No.23) for a” by the Punjab Finance Act, 200 4 (XIX 
of 2004), published in the Punjab Gazette (Extraordinary), dated: 30 June 2004, pp.1989-1992, s.2; it came into force on 1 July 
2004. 
7Substituted for the word “Two” by the Punjab Finance Act 2020 (VIII of 2020), published in the Punjab Gazette (Extraordinary), 
dated: 29 June 2020, pp. 4353-4359, s. 2. 
8Ibid. for the words “fifty rupees”. 
 Description of Instrument  Proper Stamp-duty 
 See also TRUST (No. 64).   
1
[Note: In case of 
registration of the 
instruments, an additional 
stamp duty shall be charged 
as under: 
(a) Rs. 500/-, if the amount 
of consideration does 
not exceed Rs. 
500,000/-; and
 
   (b) Rs.1000/-, if the 
amount of 
consideration exceeds 
Rs. 500,000/-.] 
59. SHARE WARRANTS  to bearer  issued under 
the Companies Act, 1913
2
. 
 One and a half times the duty 
payable on a debenture [No. 
27 (b)] for a consideration 
equal to the nominal amount 
of the shares specified in the 
warrant. 
 EXEMPTIONS   
 Share warrant when issued by a company in 
pursuance of the Companies Act, 1913
3
, section 
30, to have effect only upon payment, as 
composition for that duty, to the Collector of 
Stamp-revenue, of– 
  
 (a) one and a half per centum of the whole 
subscribed capital of the company; or 
  
 (b) if any company which has paid the said duty 
or composition in full subsequently issues an 
addition to its subscribed capital–one and  a  
half  per centum of the additional capital so 
issued. 
  
 SCRIP-See CERTIFICATE (No. 19).   
60. SHIPPING ORDER  for or relating to  the 
conveyance of goods on board of any vessel. 
 4
[ 
5
[Five] rupees]. 
61. SURRENDER OF LEASE–   
 6[* * * * *]  1[* * * * *] 
                                                
1Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
2VII of 1913, Now the Companies Act, 2017 (XIX of 2017): it repealed the Companies Ordinance, 1984 (XLVII of 1984); the 
1984 Ordinance repealed the Companies Act, 1913 (VII of 1913); the 1913 Act repealed the Indian Companies Act, 1882; t he 
1882 Act repealed the Indian Companies Act, 1866; the 1866 Act repealed the Joint Stock Companies Act, 1857; and, the 1857 
Act repealed the Joint Stock Companies Act, 1850 (XLIII of 1850).   
3Ibid. 
4Substituted for the words “Twenty -five paisa” by the P unjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette 
(Extraordinary), dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
5Substituted for  the word “Two” by the  Punjab  Finance Act  1995 (VI of 1995),  published in  the  
Punjab Gazette (Extraordinary), dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 July 1995. 
6Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
 Description of Instrument  Proper Stamp-duty 
 2[* * * * *]  3
[One 
4
[thousand]] rupees. 
 EXEMPTIONS   
 Surrender of lease, when such lease exempted 
from duty. 
  
 
   
5
[Note: An additional stamp 
duty at the rate of 5/8th of the 
stamp duty which was paid 
on the original lease deed.] 
62. TRANSFER (Whether with or without 
consideration)– 
  
 (a) of shares in an incorporated company or 
other body corporate; 
 One-fourth of the dut y 
payable on a conveyance(No. 
23) for a consideration equal 
to the value of the share. 
 
6
[(b) of Debenture or Participation Term 
Certificate or Term Finance Certificate or 
any other instrument of redeemable 
capital (other than Commercial Paper), 
whether m ortgaged or not, being a 
transferable security,  whether liable 
 One-tenth of one percent, that 
is to say, 0.1% of the face 
value of the instrument.] 
 
 to duty or not except as provided for by 
section 8; and
 
  
 (c) of any interest secured by a bond, 
mortgage-deed or policy of insurance– 
  
 (i) if the duty on such bond, mortgage -
deed or policy does not exceed twenty 
rupees; 
 The duty with which such 
bond mortgage-deed or policy 
of insurance is chargeable. 
 (ii) in any other case  7
[One hundred] rupees. 
 (d) of any property under the Administrator -
General‟s Act, 1913
8
, section 31; 
 9
[One hundred] rupees. 
                                                                                                                                                  
1Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
2Omitted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazet te (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette (Extraordinary) , 
dated: 27 June 1995, pp. 103-112, s. 2: it came into force on 1 J uly 1995. The word “Fifty” was earlier substituted for the word 
“Thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), dated: 28 June 1990, p p. 
1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
4Substituted for the word “hundred”  by the Punjab Finance Act 2024 (VIII of 2024),  published in the Punjab Gazette 
(Extraordinary), dated: 27 June 2024, pp. 4999-5005, s. 3(h). 
5Inserted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gaze tte (Extraordinary), dated: 16 June 2017, 
pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
6Substituted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, 
pp. 5027-5029, s. 3: it came into force on 1 July 2006. 
7 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
8III of 1913. 
9 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 202 1), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33.It was earlier substituted for the word “Thirty” by the Punjab Finance Act, 1990 (I of 1990), 
published in the Punjab Gazette (Extraordinary), dated: 28 June 199 0, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 
1990. 
 Description of Instrument  Proper Stamp-duty 
 (e) of any trust -property without consideration 
from one trustee to another trustee or from 
a trustee to a beneficiary. 
 1[One hundred rupees]  or 
such smaller amount as may 
be chargeable under clauses 
(a) to (c) of this Article. 
 
2
[(f) of a promissory note, including a 
commercial paper, when payable otherwise 
than on demand. 
 Nil.] 
 EXEMPTIONS 
Transfers by endorsement– 
  
 (a) of a bill of exchange, ch eque or promissory 
note; 
  
 (b) of a bill of lading, delivery order, warrant for 
goods, or other mercantile document of title 
to goods; 
  
 (c) of a policy of insurance; 
(d) of securities of the 
3
[Federal Government]. 
See also section 8– 
  
63. 
4
[TRANSFER OF LEASE by way of assignment 
and not by way of under-lease: 
(i) in case of immovable property in an urban 
area; and 
(ii) in any other case.
 
  
5
[Two] percent of the amount 
of consideration for the 
transfer. 
6[One] percent of the amount 
of consideration fo r the 
transfer. 
Note: In case of registration 
of the instrument, an 
additional stamp duty shall 
be charged as under:  
(a) Rs. 500/ -, if the 
amount of 
consideration does 
not exceed 
Rs.500,000/-; and 
(b) Rs.1000/ -, if the 
amount of 
consideration exceeds 
Rs.500,000/- 
                                                
1 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (Extraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
2Inserted by the Punjab Finance Act, 2006 (V of 2006), published in the Punjab Gazette (Extraordinary), dated: 30 June 2006, pp. 
5027-5029, s. 3: it came into force on 1 July 2006. 
3Substituted for the words “Central Government” by the Federal Adaptation of Laws Order, 19 75 (P. O. No. 4 of  1975), 
published in the Gazette of Pakistan (Extraordinary), dated: 1 August 19 75, pp. 435 -467, Article 2 read with the Table of 
General Adaptations. 
4Substituted by the Punjab Finance Act 2017 (XII of 2017), published in the Punjab Gazette (Extraordinary ), dated: 16 June 
2017, pp. 8235-8250, s. 2: it came into force on 1 July 2017. 
5
Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. It was earlier substituted for the word “five” by the Punjab Finance Act 2020 (VIII of 
2020), published in the Punjab Gazette (Extraordinary), dated: 29 June 2020, pp. 4353-4359, s.2. 
6Substituted for the word "Three"  by the Stamp (Amendment) Act 2026 (XXIV of 20 26), published in the Punjab Ga zette 
(Extraordinary), dated: 06 May 2026, pp,5839-5840 s.4b (i). 
 Description of Instrument  Proper Stamp-duty 
 Exemption: 
Transfer of any lease exempt from duty.]
 
  
1
[63-A 
2[(i) An instrument of transfer of a right or 
interest relating to an immovable property or an 
acknowledgement of such transfer, by a 
development authority, housing authority or a 
statutory body. 
Explanation-I. In cases where 
allotment is to be made consequent 
upon payment of the installments or 
transfer of a right or interest is made by 
original allottee before the payment of 
the last installment, stamp duty shall be 
charged at the time of transfer whichever 
is earlier. 
Explanation-II. Transfer or allotment made 
through auction by a development authority is 
not entitled to an exemption from the payment 
of stamp duty. 
  
 
(ii) An instrument of transfer of right or 
interest relating to  an immovable 
property or an acknowledgment of such 
transfer by a cooperative housing 
society. 
Explanation-I. First time allotment is 
exempted from the payment of stamp 
duty. However, transfer/ allotment made 
through open auction is not entitled to 
the ex emption from the payment of 
stamp duty. 
Explanation-II. Transfer of a right or interest 
includes transfer made through electronic 
form and open transfer letter.”] 
  
 
 
 
 
 
 
 
3
[4[Two] percent of the value 
of the property.] 
                                                                                                                                                  
 
1Inserted by the Punjab Finance Act 2008 (I of 2008), published in the Punjab Gazette (Extraordinary), dated: 27 June 2008, pp. 
4033-4035, s. 3: it came into force on 1 July 2008. It was earlier deleted by the Punjab Finance Ordinance, 2000 (III of 2000), 
published in the Punjab Gazette (Extraordinary), dated: 30 June 2000, pp. 587 -595, s. 2: it came into force on 1 July 2000. It 
was earlier added by the Punjab  Finance Act 1998 (VII of 1998), published in the Punjab Gazette (Extraordinary), dated: 30 
June 1998, pp.1577-1580, s. 2: it came into force on 1 July 1998. 
2 Substituted by the Stamp (Amendment) Act 2021 (XXIX of 2021), published in the Punjab Gazette (E xtraordinary), dated: 01 
October 2021, pp,1301-1311 s.33. 
3Substituted by the Punjab Finance Act 2020 (VIII of 2020) , published in the Punjab Gazette (Extraordinary), dated: 29 June 
2020, pp. 4353-4359, s. 2. 
4
Substituted for the word “One” by the Punjab Finance Act 2022 (IX of 2022), published in the Punjab Gazette (Extraordinary), 
dated: 24th June 2022, pp. 6339-6345, s.2. 
 Description of Instrument  Proper Stamp-duty 
64. TRUST– 
A. Declaration of –of, o r concerning    any      
property  
  
The same duty as on a Bond  
(No. 15)  for  a   sum  
 when made by any writing not being a WILL.  equal to the amount or value 
of the property concerned as 
set forth in the instrument 
but  not exceeding  1
[Two 
hundred rupees]. 
 B. Revocation of –of, or concerning any 
property when made by any instrument other 
than a WILL. 
 The same duty as on a Bond 
(No. 15) for a sum equal to 
the amount or value of the 
property concerned as set 
forth in the instrument but not 
exceeding 2
[Two hundred 
rupees]. 
 See also SETTLEMENT (No. 58).    
 VALUATION. See APPRAISEMENT (No. 8).   
65. WARRANT FOR GOODS , that is to say, any 
instrument evidencing the title of any person 
therein named, or his assigns, or the holder 
thereof, to the propert y in any goods lying in or 
upon any dock, warehouse or wharf, such 
instrument being signed or certified by or on 
behalf of the person in whose custody such 
goods may be. 
 3
[Five] rupees. 
 
                                                
1Substituted for the words “One hundred rupees” by the Punjab Finance Act 2014 (XVII of 2014), published in the Punjab 
Gazette (Extraordinary), dated: 26 June 2014, pp.4169-4178, s. 2: it came into force on 1 July 2014.  The words “One hundred” 
was earlier substituted for the word “Fifty” by the Punjab Finance Act 1995 (VI of 1995), published in the Punjab Gazette 
(Extraordinary), dated:  27 June 1995, pp. 103 -112, s. 2: it came into force on 1 July 1995. The word “fifty” was earlier 
substituted for the word “thirty” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary ), 
dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
2Ibid. 
3Substituted for the word “Two” by the Punjab Finance Act, 1990 (I of 1990), published in the Punjab Gazette (Extraordinary), 
dated: 28 June 1990, pp. 1165-A to 1165-G, s. 2: it came into force on 1 July 1990. 
 
1
[SCHEDULE II.– 
Enactments repealed] 
 
 
                                                
1Repealed by the Repealing and Amending Act, 1914 (X of 1914), published in the Gazette of India, Part IV, dated: 21 March 
1914, pp. 47-59, s. 3 read with the Second Schedule.

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WEST PAKISTAN (ADAPTATION AND REPEAL OF LAWS) ACT, 1957

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XII of 1938); (3) Capital of t he Federation, by the Finance Act, 1952 (V of 1952); and (4) the Province of West Pakistan (except the Capital of the Federation) by the West Pakistan (Adaptation and Repeal of Laws) Act, 1957 (XVI of 1957), section 3(3) and 3rd Schedule (with effect from 14 October 1955). It was applied to Phulera in the Excluded Area of Upper Tanawal to the extent the Act is applicable in the N.W.F.P (now KPK), subject to cert