Nov 20, 2012 You can now buy stamp papers online Litigants will no longer have to stand in que to buy stamp papers to file their cases with the Delhi High court today introducing the electronic court fee system under which fee can submitted electronically.
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One of the reasons of the state government for launching the e-stamping system in Karnataka was to simplify the process of payment of stamp duty and make it glitch free. Role of SHCIL in the e-stamping systemThe SHCIL is the central record keeping agency for all e-stamps used in the country. It has been authorised by the Central Government of India. The responsibilities of SHCIL include everything related to the e-stamping project, right from user registration to administration, managing e-stamping application operations and record maintenance. The agency also designates authorised collection centres or ACCs-scheduled banks that can issue certificates to users. Implementation of e-stamping in KarnatakaThe Karnataka State Government started working on the e-stamping project in 2006. It finally launched the project after 2 years with a pilot at Gandhinagar sub-registrar office.
It was a welcome move on part of the state government to take this initiative and make efforts to control the menace of counterfeit stamp papers that were damaging the economy. Uses of e-stampsE-stamps can be used in regard to all instruments on which stamp duty is payable. Such instruments include all transfer documents such as sale agreement, mortgage deed, conveyance deed, exchange deed, gift deed, power of attorney, agreement of tenancy, deed of partition, lease deeds, leave and license agreement, etc.
How to get e-stamping done in Karnataka. Open the SHCIL website and check whether your transaction requires stamp duty. The website provides information about the type of transactions that require stamping. It also has addresses of collection centres. For details about Karnataka, click on the link. Fill up an application form at one of the ACCs.
The application form must have the details of the parties involved in the transaction and the purpose for which the e-stamp certificate is to be used. Submit the form along with the necessary payment for the stamp certificate. The payment can be done via cash, cheque, or demand draft if it is done at an ACC. For online payments, one can use credit cards, debit cards, RTGS, NEFT, pay orders, or make payment through account-to-account transfer.Advantages of using e-stampsThe e-stamping system offers multi-level security.
One of the main benefits of using e-stamps is that these stamps can be generated within minutes and are tamper-proof. Once an e-stamp certificate is issued, it cannot be copied.
The likelihood of duplication of the stamp certificate is eliminated through the use of an optical watermarking.All data associated with the stamps is saved by SHCIL. But the greatest advantage of using e-stamps is that its authenticity can be verified online. Each e-stamp paper comes with a unique identification number (UIN) which can be used to verify its authenticity on the e-stamping website.
Drawbacks of using e-stampsA big drawback of e-stamps is that if the certificate is misplaced, a duplicate copy cannot be issued. Moreover, if someone wishes to cancel their e-stamp request and want a refund, it has to be done only at SHCIL offices.
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ACC that issued the certificate cannot offer a refund to the user.
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