ESTAMP

Querist : Anonymous (Querist) 27 December 2015 This query is : Resolved
We are Pvt. Ltd Co
We are builders in Bangalore
We have been sanctioned loan by a bank which was secured by creation
of mortgage by deposit of Title Deeds
The stamp bought was by ESTAMP
The Article under which the stamp
was bought was Article 34.
It is learnt that the correct Article is 6
Please inform whether the paper is valid.

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J K Agrawal (Expert) 27 December 2015
The stamp is purchased for a wrong purpose.
This type of stamp may cause hurdel but in not way it comes under evasio of duty of stamp. It is only the bank who has problem. if the bank officers have no objection the stamps are ok for payment of duty.
if stamps not used, it can be returned and refund is available.