AFFIDAVIT
anckoora
(Querist) 27 February 2010
This query is : Resolved
dear sir,
we are dealers' in gold/silver/diamond ornaments. our employee take ornaments on approval basis to a dealer-and bring back the same from time to time. We do proper documentation for this transaction.
To avoid in-transit hassel , say by police, octroi, s.tax etc dept, we have given them our authority letter on 100 rupee stamp paper (duly notarised)and also affidavit pertaining to his job of carrying the valuable ornaments.
pl let us know(1) the validity of this affidavit and letter of authority(2) we understand that it is for six months only-as validy of the stamp paper itself is six months. We are confused.
seeking your advise.
thanks
anckoora
Arvind Singh Chauhan
(Expert) 27 February 2010
If the document to which you are saying authority letter, is POWER OF ATTORNEY. It is valid for unlimited time unless the time specifically mentioned in it, or unless it is revoked. Six moths validity is wrong conception in general people's minds. Time of six months is fixed only for refund of money trough returning the stamp paper to treasury.
Sukhija
(Expert) 27 February 2010
POA shd be on Rs.500 stamp paper, valid till it is revoked.
No authority given on stamp paper is valid for six months only.
Affidavit can b given on Rs.100 stamp paper. it is valid unless revoked/ cancelled.
