Stamp Duty on Bill of Exchange

vivek (CS) (751 Points)

07 June 2010  

Dear All,

I want to know that a company is in practice to go for stamping on the amount of Bill of Exchang if it is for more than 90 Days @ Rs.1.20/1000 is it correct as per entry 13 of rate of stamp duty at delhi it is not correct? Bill of exchange is dran for the purpose of LC.