Section 16 - Amendment of Act 2 of 1899 - Finance Act, 1961

16. Amendment of Act 2 of 1899 In Schedule I to the Indian Stamp Act, 1899, in entry 47,- (a) in sub-entry A(1)(i), in the first column, the words fifteen naye paise or shall be omitted; and (b) in sub-entry E, in the second column, the following proviso shall be inserted, namely:- Provided that if the total amount of duty payable is not a multiple of five naye paise, the total amount shall be rounded off to the next higher multiple of five naye paise. .