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27. The Stamp Act is a fiscal enactment for payment of stamp duty to the State on certain classes of instruments specified in the Stamp Act. Section 40 of the Indian Stamp Act,1899 provides the procedure for instruments which have been impounded,and sub-section (1) of Section42 requires the instrument to be endorsed after it is duly stamped by the concerned Collector. Section 42(2)provides that after the 8(2021) 4 Supreme Court Cases 379.
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