Stamp duty on Letter of subrogation.

venkatkrishna (Querist) 29 September 2010 This query is : Resolved
Dear Members

I heard that the letter of subrogation issued to an Insurance co., attracts stamp duty.

Is 1rupee stamp affixing by insurance co., (in practice) is sufficient or not. I have checked Indian Stamp Act but, I could not get correct information on stamp duty on letter of subrogation .
If the letter of subrogation is liable for stamp duty, what it will be? Pl give some idea or judgements or rule or law on the subject issue.

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