ScheduleStamp duty on instruments
Schedule
SCHEDULE I (See Section 3) Stamp duty on instruments See Bill of Exchange (No. 13). Columns: Sl.No. | Description of Instruments | Proper stamp-Duty
Schedule, item 1
Sl.No. 1. Entry 1 of 2: Description of Instruments: ACKNOWLEDGEMENT of a debt exceeding in One thousand Taka in amount or value, written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a banker’s passbook) or on a separate piece of paper where such book or paper is left in the creditor’s possession: Proper stamp-Duty: (a) Twenty Taka, if the amount of debt does not exceed 50 (fifty) thousand Taka; and Entry 2 of 2: Description of Instruments: Provided that such acknowledgement does not contain any promise to pay the debt or any stipulation to pay interest or to deliver any goods or other property. Proper stamp-Duty: (b) Fifty Taka, if the amount of debt exceeds 50 (fifty) thousand Taka.
Schedule, item 2
Sl.No. 2. Description of Instruments: ADMINISTRATION BOND, including a bond given under section 6 of the Government Savings Banks Act, 1873, or section 291 or section 375 or section 376 of the Succession Act, 1925- (a) Where the amount does not exceed 10,000 Taka; and (b) In any other case. Proper stamp-Duty: Two hundred Taka. Three hundred Taka.
Schedule, item 3
Sl.No. 3. Description of Instruments: ADOPTION-DEED, that is to say, any instrument (other than a WILL), recording an adoption, or conferring or purporting to confer an authority to adopt. ADVOCATE – See ENTRY AS AN ADVOCATE (No. 29) Proper stamp-Duty: Five thousand Taka.
Schedule, item 4
Sl.No. 4. Description of Instruments: AFFIDAVIT, including an affirmation or declaration in the case of persons by law allowed to affirm or declare instead of swearing. EXEMPTIONS Affidavit or declaration in writing when made- (a) As a condition of enlistment under the Army Act, 1952; (b) For the immediate purpose of being field or used in any court or before the officer of any court; or (c) For the sole purpose of enabling any person to receive any pension or charitable allowance. Proper stamp-Duty: Three hundred Taka.
Schedule, item 5
Sl.No. 5. Entry 1 of 3: Description of Instruments: AGREEMENT or MEMORANDUM OF AN AGREEMENT- Entry 2 of 3: Description of Instruments: (a) If relating to the sale of a bill of exchange; (b) (i) If relating to the sale of Government Security; Proper stamp-Duty: One hundred Taka. Minimum 300 Taka up to the sale of 5,000 Taka and 10 Taka for every sale of 5,000 Taka or part thereof of the value of the Security. Entry 3 of 3: Description of Instruments: (ii) If relating to the sale of a share in an incorporated company or other body corporate; or (c) If not otherwise provided for-EXEMPTIONS Agreement or Memorandum of Agreement- (a) For or relating to the sale of goods or merchandise exclusively, not being a NOTE OR MEMORANDUM chargeable under (No.42); and (b) Made in the form of tenders to the Government for, or relating to any loan. AGREEMENT TO LEASE See LEASE (No.34) Proper stamp-Duty: Two Taka for every 1,000 Taka or part thereof of the value of the share. Three hundred Taka.
Schedule, item 6
Sl.No. 6. Entry 1 of 2: Description of Instruments: AGREEMENT relating to deposit of titledeeds, pawn or pledge, that is to say, any instrument evidencing an agreement relating to- (1) The deposit of title-deeds, or instruments constituting or being evidence of the title to any property whatever (other than a marketable security); or (2) The pawn or pledge of movable property where such deposit, pawn or pledge has been made by way of security for the repayment of money advanced or to be advanced by way of loan or an existing or future debt- (a) If such loan or debt is repayable on demand or more than three months from the date of the instrument evidencing the agreement; Proper stamp-Duty: 0.5% of the value of the consideration, maximum 3 (three) crore Taka. Entry 2 of 2: Description of Instruments: (b) If such loan or debt is repayable not more than three months from the date of such instrument. N.B.- If an agreement is drawn in different sets, the proper stamp therefore shall be borne by each of the set. Proper stamp-Duty: 0.3% of the value of the consideration, maximum 1 (one) crore Taka.
Schedule, item 7
Sl.No. 7. Description of Instruments: APPOINTMENT in execution of a power, whether of trustees or of property, movable or immovable, where made by any writing not being a Will. Proper stamp-Duty: Three hundred Taka.
Schedule, item 8
Sl.No. 8. Description of Instruments: APPRAISEMENT or valuation made otherwise than under an order of the Court in the course of a suit-EXEMPTION Appraisement of crops for the purpose of ascertaining the amount to be given to the owner of the land as rent. Proper stamp-Duty: Five hundred Taka.
Schedule, item 9
Sl.No. 9. Description of Instruments: APPRENTICESHIP DEEDincluding every writing relating to the service of tuition of any apprentice, clerk or servant placed with any master to learn any profession or employment, not being-ARTICLES OF CLERKSHIP (No. 11) EXEMPTION Instruments of apprenticeship executed by a Magistrate under the Bangladesh Labour Act, 2006, or by which a person is apprenticed by, or at the charge of any public charity. Proper stamp-Duty: Three hundred Taka.
Schedule, item 10
Sl.No. 10. Description of Instruments: ARTICLES OF ASSOCIATION of a Company- (a) Where the nominal share capital does not exceed forty lac Taka; (b) Where the nominal share capital exceeds forty lac Taka but not exceeding twelve crore Taka; (c) Where the nominal share capital exceeds twelve crore Taka; and (d) Articles of Association not formed for profit and registered under section 28 of the Companies Act, 1994. Proper stamp-Duty: Ten thousand Taka. Thirty thousand Taka. Fifty thousand Taka. Three hundred Taka.
Schedule, item 11
Sl.No. 11. Description of Instruments: ARTICLES OF CLERKSHIP or contract whereby any person first becomes bound to serve as a clerk in order to his admission as an Advocate in the Supreme Court. ASSIGNMENT, See CONVEYANCE (No.22), TRANSFER (No. 61) and TRANSFER OF LEASE (No. 62) as the case may be. ATTORNEY, See POWER OF ATTORNEY, AUTHORITY TO ADOPT, See ADOPTION DEED (No.3) Proper stamp-Duty: Five hundred Taka.
Schedule, item 12
Sl.No. 12. Entry 1 of 2: Description of Instruments: AWARD that is to say, any decision in writing by an Arbitrator or Umpire, not being an award directing a partition on a reference made otherwise than by an order of the Court in the case of a suit- (a) Where the amount or value of the property to which the award relates as set forth in such award, does not exceed five lac Taka; Proper stamp-Duty: One thousand Taka. Entry 2 of 2: Description of Instruments: (b) If it exceeds five lacTaka. Proper stamp-Duty: 0.5 %, subject to a maximum of forty thousand Taka.
Schedule, item 13
Sl.No. 13. Entry 1 of 3: Description of Instruments: BILL OF EXCHANGE, as defined by section 2(2) not being a Bond, Bank note or Currency note. Entry 2 of 3: Description of Instruments: (a) Where payable otherwise than on demand but not more than one year after date or sight; Proper stamp-Duty: 0.2% of value of the consideration. Entry 3 of 3: Description of Instruments: (b) Where payable at more than one year after date or sight. N.B.- If a bill of exchange is drawn in different sets , the proper stamp therefore shall be borne by each of the set. Proper stamp-Duty: 1% of the value of the consideration.
Schedule, item 14
Sl.No. 14. Entry 1 of 2: Description of Instruments: BILL OF LADING (including a through bill of lading). Entry 2 of 2: Description of Instruments: (a) When the amount does not exceed 1,00,000 Taka; (b) When it exceeds Taka 1,00,000 but not exceeding 10,00,000 Taka; and (c) When it exceeds 10,00,000 Taka; N.B.- If a bill of lading is drawn in parts, the proper stamp therefore shall be borne by each of the set. EXEMPTIONS (a) Bill of lading when the goods therein described are received at a place within the limits of any port as defined under the Ports Act, 1908, and are to be delivered at another place within the limits of the same port; and (b) Bill of lading when executed out of Bangladesh relating to property to be delivered in Bangladesh. Proper stamp-Duty: Two hundred Taka. Five hundred Taka. One thousand Taka.
Schedule, item 15
Sl.No. 15. Description of Instruments: BOND, as defined by section 2(5), not being a DEBENTURE (No.27), and not being otherwise provided for by this Act, or by the Court-fees Act, 1870. See ADMINISTRATION BOND (No.2), BOTTOMRY BOND (No. 16), CUSTOMS BOND (No. 25), INDEMNITY BOND (No. 33), RESPONDENTIA BOND (No. 55), SECURITY BOND (No. 56) EXEMPTIONS Bond, when executed by- (a) Headmen nominated under rules framed in accordance with the Irrigation Act, 1876 (Act III of 1876) section 99, for the due performance of their duties under that Act; (b) Any person for the purpose of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per menses. Proper stamp-Duty: One hundred Taka.
Schedule, item 16
Sl.No. 16. Description of Instruments: BOTTOMRY BOND, that is to say, any instrument whereby the master of a seagoing ship borrows money on the security of the ship to enable him to preserve the ship or prosecute her voyage. Proper stamp-Duty: 2% of value of such amount.
Schedule, item 17
Sl.No. 17. Description of Instruments: CANCELLATION-INSTRUMENT OF (including any instrument by which any instrument previously executed is cancelled), if attested and not otherwise provided for. See also RELEASE (No. 54), REVOCATION OF SETTLEMENT (No 57-B), SURRENDER OF LEASE (No 60) and REVOCATION OF TRUST (No. 63-B) Proper stamp-Duty: Five hundred Taka.
Schedule, item 18
Sl.No. 18. Description of Instruments: CERTIFICATE OF SALE (in respect of each property put up as a separate lot and sold) granted to the purchase of any property sold by public auction by a Civil or Revenue Court or Collector or other Revenue Officer. EXEMPTION Where a house mortgaged with the Bangladesh House Building Finance Corporation established under the Bangladesh House Building Finance Corporation Order, 1973 (President’s Order No. 7 of 1973), is purchased by the Bangladesh House Building Finance Corporation itself in a public auction by a Civil Court or by Artha Rin Adalat established under অর্থ ঋণ আদালত আইন, ২০০৩ (২০০৩ সনের ৮নং আইন) or a Revenue Court or Collector or any other Revenue Officer, no stamp duty, shall be borne by the said Corporation. Proper stamp-Duty: 1.5% of the considering value of the purchase money only
Schedule, item 19
Sl.No. 19. Description of Instruments: CERTIFICATE, or other document evidencing the right or title of the holder thereof, or any other person either to any shares, script or stock in or of any incorporated company or other body corporate, or to become proprietor of shares, script or stock in or of any such company or body, See also LETTER OF ALLOTMENT OF SHARES (No. 35) Proper stamp-Duty: Fifty Taka.
Schedule, item 20
Sl.No. 20. Description of Instruments: CHARTER PARTY, that is to say, any instrument (except an agreement for the hire of a tug-steamer) whereby a vessel or some specified, principal part thereof is let for the specified purposes of the chartered, whether it includes a penalty clause or not. Proper stamp-Duty: One thousand Taka.
Schedule, item 21
Sl.No. 21. Description of Instruments: COMPOSITION DEED, that is to say any instrument executed by a debtor, whereby he conveys his property for the benefit of his creditors, or whereby payment of a composition or dividend on their debts is secured to the creditors, or whereby provision is made for the continuance of the debtor’s business, under the supervision of Inspectors or under letters of license, for the benefit of his creditors. Proper stamp-Duty: Three hundred Taka.
Schedule, item 22
Sl.No. 22. Description of Instruments: CONVEYANCE, as defined by section 2(10), not being a transfer charged or exempted under (No. 61). EXEMPTION Assignment of copyright under the Copy Right Act, 2000 (Act No. 28 of 2000), section 18, CO-PARTNERSHIP DEED (See Partnership No. 45) Proper stamp-Duty: 1.5% of value of the Consideration, maximum 2 crore Taka.
Schedule, item 23
Sl.No. 23. Description of Instruments: COPY, or extract certified to be a true copy of extract by order of any public officer and not chargeable under the law for the time being in force relating to court fees- (i) If the original was not chargeable with duty, or if the duty with which it was chargeable does not exceed one thousand Taka; (ii) If any other case, EXEMPTIONS (a) Copy of any paper which a public officer is expressly required by law to make or furnish for record in any public office or for any public purpose; (b) Copy of, or extract, from any register relating to births, baptisms, naming, dedications, marriages, divorces, or burials. Proper stamp-Duty: One hundred Taka. Two hundred Taka.
Schedule, item 24
Sl.No. 24. Entry 1 of 2: Description of Instruments: COUNTERPART, or Duplicate of any instrument, chargeable with duty and in respect of which the proper duty has been paid- (a) If the duty with which the original instrument is chargeable does not exceed Ten Thousand Taka; Proper stamp-Duty: The same duty as is payable on the original. Entry 2 of 2: Description of Instruments: (b) In any other case. EXEMPTION Counterpart of any lease granted to a cultivator, when such lease is exempted from duty. Proper stamp-Duty: Two hundred Taka.
Schedule, item 25
Sl.No. 25. Description of Instruments: CUSTOMS BOND for any amount. Proper stamp-Duty: Two thousand Taka.
Schedule, item 26
Sl.No. 26. Description of Instruments: DEBENTURE (whether a mortgage debenture or not) being a marketable security transferableby endorsement or by a separate instrument of transfer; and by delivery. Explanation-The term “Debenture” includes any interest coupons attached thereto, but the amount of such coupons shall not be included in estimating the duty. EXEMPTION A debenture issued by an incorporated company or other body corporate in terms of a registered mortgage-deed, duly stamped in respect of the full amount of debentures to be issued there under whereby the company or body borrowing’ makes over, in whole or in part their property to trustees for the benefit of the debentures holders provided that the debentures so issued are expressed to be issued in terms of the said mortgage-deed. See also BOND (No. 15) and sections 8 and 55 Declaration of any trust: See TRUST (No. 63) Proper stamp-Duty: 0.1% of value of the consideration equal to the face value of the debenture, maximum Ten lac Taka.
Schedule, item 27
Sl.No. 27. Description of Instruments: DELIVERY ORDER in respect of goods, that is to say, any instrument entitling any person therein named, or his assigns or the holder thereof, to the delivery of any goods lying in any dock or port, or in any warehouse in which goods are stored or deposited on rent or hire, or upon any Wharf, such instrument being signed by on behalf of the owner of such goods upon the sale or transfer of the property therein, when such goods exceed in value Two thousand Taka. Deposit of Title-Deeds See Agreement relating to Deposit of title-deeds pawn or pledge (No.6) DISSOLUTION of PARTNERSHIP see PARTNERSHIP (No. 45) Proper stamp-Duty: One hundred Taka.
Schedule, item 28
Sl.No. 28. Description of Instruments: DIVORCE-INSTRUMENT OF, that is to say, any instrument by which any person effects the dissolution of his marriage. DOWER-INSTRUMENT OF See settlement (No. 57) DUPLICATE See Counterpart (No. 24) Proper stamp-Duty: Two thousand Taka.
Schedule, item 29
Sl.No. 29. Description of Instruments: PERMISSION, to practice as an advocate before the Supreme Court. Proper stamp-Duty: Two thousand Taka.
Schedule, item 30
Sl.No. 30. Description of Instruments: EXCHANGE OF PROPERTY-INSTRUMENT OF EXTRACT See COPY (No. 23) Proper stamp-Duty: 1.0% of value of the consideration equal to the value of the property of greatest value as set forth in such instrument, maximum One Crore Taka.
Schedule, item 31
Sl.No. 31. Entry 1 of 2: Description of Instruments: FURTHER CHARGE-INSTRUMENT OF, that is to say, any instrument imposing a further charge on mortgaged property- (a) When the original mortgage is one of the description referred to in clause (a) of Article No. 39 (1) (that is, with possession); (b) When such mortgage is one of the descriptions referred to in clause of Article No. 39 (1) (that is, without possession)- (i) If at the time of execution of the instrument of further charge possession of the property is given or agreed to be given under such instrument; Proper stamp-Duty: 1.5% of the value of the consideration equal to the amount of the further charge secured by such instrument, maximum 20 lac Taka. 1.5% of the value of the consideration equal to the amount of the further charge secured by such instrument, maximum 20 lac Taka. Entry 2 of 2: Description of Instruments: (ii) If possession is not so given. Proper stamp-Duty: One hundred Taka.
Schedule, item 32
Sl.No. 32. Entry 1 of 3: Description of Instruments: GIFT INSTRUMENT OF, not being a settlement (No. 57) or will or transfer (No. 61); Hiring Agreement or Agreement for service See Agreement (No. 5) Entry 2 of 3: Description of Instruments: (i) When declaration made by HEBA or GIFT between spouses, parents and children, grandparents and grandchildren, full brothers, full sisters and, full brothers & full sisters; Proper stamp-Duty: One thousand Taka. Entry 3 of 3: Description of Instruments: (ii) when Gift made to any other person Proper stamp-Duty: 1.5% of the value of the consideration equal to the value of the property as set forth in such instrument.
Schedule, item 33
Sl.No. 33. Description of Instruments: INDEMNITY BOND / INSPECTORSHIP DEED, See Composition Deed (No. 21) Proper stamp-Duty: One hundred Taka.
Schedule, item 34
Sl.No. 34. Entry 1 of 4: Description of Instruments: LEASE, including an under-lease or sub-lease and any agreement to let or sublet- (a) Where by such lease the rent is fixed no premium is paid or delivered- (i) Where the lease purports to be for a term of not exceeding five years; Proper stamp-Duty: 0.1% of the Consideration equal to the amount or value of the average annual rent, maximum 20 (Twenty) lac Taka. Entry 2 of 4: Description of Instruments: (ii) Where the lease purports to for a term exceeding five years but not exceeding twenty five years; Proper stamp-Duty: 0.2% of the value of the consideration equal to the amount or value of the average annual rent, maximum duty of 1 (one) crore Taka. Entry 3 of 4: Description of Instruments: (iii) Where the lease purports to be for a term exceeding twenty five years and in perpetuity; Proper stamp-Duty: 0.3% of the value of the consideration equal to the amount or value of the average annual rent, maximum duty of 2 (two) crore Taka. Entry 4 of 4: Description of Instruments: (b) In any other case; EXEMPTION Lease, executed in the case of a cultivator and for the purposes of cultivation (including a lease of trees for the production of goods or drink) without the payment of delivery of any fine or premium, when a definite term does not exceed one year or when the average annual rent does not exceed one thousand Taka. In this exemption a lease for the purposes of cultivation shall include a lease of lands for cultivation together with a homestead or tank. Proper stamp-Duty: 0.4% of the value of the consideration equal to the amount or value of the average annual rent, maximum duty of 3 (three) crore Taka.
Schedule, item 35
Sl.No. 35. Description of Instruments: LETTER OF ALLOTMENT OF SHARES, in any company or proposed company or in respect of any loan to be raised by any company or proposed company. See also CERTIFICATE or other Document (No. 19) Proper stamp-Duty: Fifty Taka.
Schedule, item 36
Sl.No. 36. Description of Instruments: LETTER OF CREDIT, that is to say, any instrument by which one person authorizes another to give credit to the persons in whose favour it is drawn. LETTER OF GUARANTEE, See Agreement (No. 5) Proper stamp-Duty: Five hundred Taka.
Schedule, item 37
Sl.No. 37. Description of Instruments: LETTER OF LICENSE, that is to say, any agreement between a debtor and his creditor that the letter shall for a specified time, suspend their claims and allow the debtor to carry on business at his own discretion. Proper stamp-Duty: Five hundred Taka.
Schedule, item 38
Sl.No. 38. Description of Instruments: MEMORANDUM OF ASSCIATION OF A COMPANY- (a) If accompanied by articles of association under section 17 of the Companies Act, 1994. (b) If not as accompanied- (i) Where the nominal share capital does not exceedTen lac Taka; and (ii) Where the nominal share capital exceedsTen lac Taka EXEMPTION Memorandum of Association not formed for profit and registered under section 28 of the Companies Act, 1994. Proper stamp-Duty: Two thousand Taka. Five thousand Taka. Seven thousand Taka.
Schedule, item 39
Sl.No. 39. Entry 1 of 3: Description of Instruments: (1) MORTGAGE DEED not being an agreement Consideration equal to the amount secured by such deed relating to deposit of title deeds, pawn or pledge (No 6), BOTTOMRY BOND (No. 16), MORTGAGE OF A CROP (No. 40), RESPONDENTIA BOND (No. 55), (a) When possession of the property or any part of the property comprised in such deed is given by the mortgagor or agreed to be given; Proper stamp-Duty: 1.5% of the value of consideration equal to the amount secured by such deed, maximum 5 (Five) crore Taka. Three hundred Taka. Entry 2 of 3: Description of Instruments: (b) When possession is not given or agreed to be given as aforesaid; Explanation-A Mortgagor who gives to the mortgagee a power of attorney to collect rents of a lease of the property mortgaged or part thereof, is deemed to give possession within the meaning of this article. (c) When a collateral or auxiliary or additional or substituted security or by way of further assurance for the above mentioned purpose where the principal or primary security is duly stamped for any sum secured EXEMPTIONS (a) Instruments executed by persons taking advances under the Land Improvement Loans Act, 1883 or the Agriculturists’ Loans Act, 1884, or by their Sureties as security for the payment of such advances; and (b) Letter of hypothecation accompanying a bill of exchange; (2) Mortgage Deed in favor of a bank or a financial institution in respect of a loan- (a) Up to fifty lac Taka (b) Exceeds fifty lac Taka but not exceeding One crore Taka; Proper stamp-Duty: Three hundred Taka. Three hundred Taka. Two thousand Taka. Five thousand Taka. Entry 3 of 3: Description of Instruments: (c) Exceeds one crore Taka; Proper stamp-Duty: Five thousand Taka for the first One crore Taka and for the remainder of the loan amount an additional duty at the rate of 0.1% of the remainder amount but not exceeding 5 (Five) crore Taka;
Schedule, item 40
Sl.No. 40. Description of Instruments: MORTGAGE OF A CROP including any instrument evidencing an agreement to secure the repayment of a loan made upon any mortgage of a crop where the crop is or is not in existence at the time of the mortgage- (a) When the loan is repayable not more than three months from the date of the instrument- (i) For every sum secured not exceeding 2000 Taka; (ii) For every Taka 2000 or part thereof secured in excess of 2000 Taka; (b) When the loan is repayable more than three months but not more than eighteen months from the date of the instrument- (i) For every sum secured not exceeding 2000 Taka; (ii) For every 2000 Taka or part thereof secured in excess of 2000 Taka; Proper stamp-Duty: Twenty Taka. Twenty Taka. Twenty Taka. Twenty Taka.
Schedule, item 41
Sl.No. 41. Description of Instruments: NOTARIAL ACT, that is to say, any instrument, endorsement, note, attestation, certificate or entry not being a PROTEST (No. 49) made or signed by a Notary Public in the execution of the duties of his office, if by any other person lawfully acting as a Notary Public. See also PROTEST OF BILL or NOTE (No. 49) Proper stamp-Duty: Three hundred Taka.
Schedule, item 42
Sl.No. 42. Entry 1 of 2: Description of Instruments: NOTE OR MEMORANDUM, sent by broker or agent to his principal intimating the purchase or sale on account of such principal- (a) of any goods exceeds in value2000 Taka; Proper stamp-Duty: Fifty Taka Entry 2 of 2: Description of Instruments: (b) of any stock or marketable security exceeds in value 2000 Taka; and (c) of any Government security. Proper stamp-Duty: Fifty Taka for every 10,000 Taka or part thereof the value of the stock security Fifty Taka for every 10,000 Taka or part thereof the value of the stock security
Schedule, item 43
Sl.No. 43. Description of Instruments: NOTES OR PROTEST BY THE MASTER OF A SHIP. See also Protest by the Master of a Ship (No. 50) Proper stamp-Duty: Five hundred Taka.
ORDER FOR THE PAYMENT OF MONEY
Schedule, item 44
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 44. Description of Instruments: PARTITION-INSTRUMENT OF, as defined by section 2(15). N.B. The largest share remaining after the property is partitioned (or if there are two or more shares of equal value and not smaller than any of the other shares than one of such equal shares) shall be deemed to be that from which the other shares are separated. Provided always that- (a) When an instrument of partition containing an agreement to divided property in severally is executed and partition is effected in pursuance of such agreement the duty chargeable upon the instrument effecting such partition shall be reduced by the amount of duty paid in respect of the first instrument, but shall not be less than One hundred Taka; (b) Where land is held on revenue settlement for a period not exceeding thirty years and paying the full assessment, the value for the purpose of duty shall be calculated at not more than five times the annual revenue; (c)Where a final order for effecting a Civil Court or an award by an Arbitrator directing a partition, is stamped with the stamp required for an instrument of partition and an instrument of partition in pursuance of such order or award is subsequently executed, the duty on such instrument shall not exceed One hundred Taka. Proper stamp-Duty: One hundred Taka.
Schedule, item 45
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 45. Description of Instruments: PARTNERSHIP-A-INSTRUMENT OF- (a) Where the capital of the partnership does not exceed 1,00,000 Taka; and (b) In any other case. B-DISSOLUTION OF pawn or pledge. See Agreement relating to deposit of title deeds, pawn or pledge (No. 6) Proper stamp-Duty: Two thousand Taka. Four thousand Taka. Two thousand Taka.
Schedule, item 46
[ORDER FOR THE PAYMENT OF MONEY] 46. (ii) In any other case. C. ACCIDENT AND SICKNESS INSURANCE-In any case of single accident or any sickness or death from accident. (i) where the amount payable is 25,000 (twenty five thousand) Taka or less; (ii) where the amount payable exceeds 25,000 (twenty five thousand) Taka for every 5000 (Five thousand) Taka or part thereof. D. INSURANCE BY WAY OF INDEMNITY against liability to pay damages on account of accidents to workmen employed by or under the insurer of against liability to pay compensation under the Bangladesh Labour Act, 2006 for every 1,000 (one thousand) Taka or part thereof payable as premium. E. LIFE INSURANCE or other insurance not specifically provided for, except such a Reinsurance as is described in Division F of this Article- (i) For every sum insured not exceeding 1,00,000 Taka; (ii) For every sum insured exceeds 1,00,000 Taka and for next each 50,000 Taka or part thereof. EXEMPTION Policies of life insurance granted by the Director-General of Post-Offices in accordance with rules for Postal Life Insurance issued under the authority of the Government. F. RE-INSURANCE by an Insurance Company which has granted a policy of the nature specified in Division A or Division B of this Article with another company by way of indemnity or guarantee against the payment on the original insurance of a certain part if the sum insured thereby. | POLICY OF INSURANCE-A. SEA INSURANCE (see section 7) B. FIRE INSURANCE AND OTHER CLASSES OF INSURANCE, not elsewhere included in this Article, covering goods, merchandise, personal effects, crops and other property against loss or damage- (i) When the sum insured does not exceed 1,00,000 (one lac) Taka; and Five hundred Taka. Twenty Taka. Twenty Taka. Thirty Taka. One hundred Taka. Fifty Taka. One quarter of the duty payable in respect of the original insurance GENERAL EXEMPTION Letter of cover or engagement to issue a policy of Insurance: Provided that, unless such letter or engagement bears the stamp prescribed by this Act for such policy, nothing shall be claimable thereunder, not shall it be available for any purpose, except to compel the delivery of the policy therein mentioned. | 20 Taka up to policy value of 1,00,000 Taka and 10 Taka for every 1,00,000 Takaor part thereof of remaining policy value. Two hundred Taka.
Schedule, item 47
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 47. Entry 1 of 3: Description of Instruments: POWER OF ATTORNEY as defined by section 2, clause (21), not being a proxy- (a) When executed for the sole purpose of procuring the registration of one or more document in relation to a single transaction or for admitting execution of one or more such documents; Proper stamp-Duty: Eight hundred Taka. Entry 2 of 3: Description of Instruments: (b) When executed for the purpose of the section 2, clause (7), of the Power of Attorney Act, 2012; Proper stamp-Duty: One thousand and five hundred Taka. Entry 3 of 3: Description of Instruments: (c) When power of attorney given by a loanee while obtaining loans, advances or any other credit facilities from any scheduled bank or financial institution empowering such bank or institution to realize the loan amount from him, in the event of default by him, by selling his immovable property; Explanation- “In this clause- (i) “Financial institution” means the Bangladesh Development Bank Limited established in pursuant of section 38A of the Bangladesh Shilpa Bank Order, 1972 (President’s Order No. 129 of 1972) and the Bangladesh House Building Finance Corporation established under the Bangladesh House Building Finance Corporation Order, 1973 (President’s Order No. 7 of 1973), (ii) “Scheduled bank” means a scheduled bank as defined in clause (j) of article 2 of the Bangladesh Bank order, 1972 (President’s Order No. 127 of 1972) When an irrevocable Power of Attorney comprising immovable properly is executed without any consideration as defined by section 2, clause (2), of the power of attorney Act, 2012, authorizing the attorney to sell, to make contract for sale or to execute mortgage deed in favor of a bank or a financial institution in respect of a loan; and (d) When an irrevocable power of attorney comprising immovable property is executed without any consideration as defined by section2, clause (2) of the Power of Attorney Act, 2012, authorizing the attorney to sell, to make contract for sale or to execute mortgage deed in favour of a bank or a financial institution in respect of a loan; and (e) When an irrevocable power of attorney is executed for consideration as defined by section 2, clause (2), of the Power of Attorney Act, 2012. Proper stamp-Duty: Two thousand Taka. One thousand and five hundred Taka. 1.5% of the value of the consideration, which is not less than ten thousand Taka and not more than one lac Taka.
Schedule, item 48
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 48. Description of Instruments: PROMISSORY NOTE as defined by section 2(22)- (a) When payable on demand- (i) When the amount or value does not exceed 3000 Taka; (ii) When the amount or value exceeds 3000 Takabut does not exceed 20,000 Taka; and (iii) In any other case. (b) When payable otherwise than on demand. Proper stamp-Duty: Twenty Taka. Forty Taka. One hundred Taka. The same duty as a BILL OF EXCHANGE (No.13) for the same and payable otherwise than on demand
Schedule, item 49
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 49. Description of Instruments: PROTEST OF BILL, or Notes, that is to say, any declaration in writing made by a Notary Public, or other person lawfully acting as such attesting to dishonor of a Bill of Exchange or Promissory Note. Proper stamp-Duty: Five hundred Taka.
Schedule, item 50
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 50. Description of Instruments: PROTEST BY THE MASTER OF A SHIP, that is to say, any declaration of the particulars of her voyage drawn up by him with a view to the adjustment of losses or the calculation of averages, and every declaration in writing made by him against the charterers or the consignors for not loading or unloading the ship, when such declaration is attested or certified by a Notary Public or other person lawfully acting as such. See also Note of Protest by the Master of a Ship (No. 43) Proper stamp-Duty: Five hundred Taka.
Schedule, item 51
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 51. Description of Instruments: PROXY empowering any person to vote at any one election of the Councilors of a Paurashava or at any one meeting of (a) members of an incorporated company or other body corporate whose stock of fund is or are divided into shares and transferable, (b) a local authority, or (c) proprietors, members or contributors to the funds of any institution. Proper stamp-Duty: One hundred Taka.
Schedule, item 52
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 52. Description of Instruments: RECEIPT as defined by section 2(23) for any money or other property the amount or value of which exceeds 500 Taka. EXEMPTIONS Receipt- (a) Endorsed on or contained in any instruments duly stamped or any instrument exempted under the proviso to section 3 (instruments executed on behalf of the Government) or any cheque or bill of exchange payable on demand acknowledging the receipt or the consideration money herein expressed or the receipt of any principal money, interest or annuity, or other periodical payment thereby secured; (b) For any payment of money without consideration; (c) For any payment of rent by a cultivator on account of land assessed to Government revenue; (d) For pay or allowances by noncommissioned or petty officers, soldiers, sailors or airman of military, naval or air forces when serving in such capacity or by mounted police constables; (e) Given by holders of family certificates in cases where the person from whose pay or allowances the sum comprised in the receipt has been assigned is a non-commissioned or petty officer, soldier, sailor or airmen of any of the said forces and serving in such capacity; (f) For pensions or allowances by persons receiving such pensions or allowances in respect of their serving the Government in any other capacity; (g) Given by a headman or lambardar for land revenue or taxes collected by him; (h) Given for money or securities for money deposited in the hands of any banker, to be accounted for; Provided that the same is not expressed to be received of or by the hands of, any other than the person to whom the same is to be accounted for. Proper stamp-Duty: Ten Taka.
Schedule, item 53
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 53. Description of Instruments: RE-CONVEYANCE OF MORTGAGED PROPERTY (a) If the consideration for which the property was mortgaged does not exceed 5,000 Taka; and (b) In any other case. Proper stamp-Duty: 1.5% of the value of the Consideration as set forth in the Re-conveyance. Five hundred Taka.
Schedule, item 54
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 54. Description of Instruments: RELEASE that is to say, any instrument whereby a person renounces a claim upon another person or against any specified property- (a) If the amount or value of the claim does not exceed 3000 Taka; and (b) In any other case. Proper stamp-Duty: One hundred Taka. Three hundred Taka.
Schedule, item 55
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 55. Description of Instruments: RESPONDENTIA BOND, that is to say, any instrument securing a loan on the cargo laden or to be laden or board a ship and making repayment contingent on the arrival of the cargo at the port of destination. REVOCATION OF TRUST or SETTLEMENT See settlement (No.57); Trust (No. 63) Proper stamp-Duty: 2% on the amount of the loan secured.
Schedule, item 56
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 56. Description of Instruments: SECURITY BOND OR MORTGAGE DEED, executed by way of a liability, or for the due execution of an office or to account for money or other property received by virtue thereof, or executed by a surety. by a surety to secure the due performance of a contract- (a) When the amount secured does not exceed 3000 Taka; and (b) In any other case. EXEMPTIONS Bond or other instrument, when executed- (a) By headman nominated under the rules framed in accordance with the Irrigation Act, 1876 (Act III of 1876) section 99 for the due performance of their duties under that Act; (b) By any person for the purport of guaranteeing that the local income derived from private subscriptions to a charitable dispensary or hospital or any other object of public utility shall not be less than a specified sum per menses; (c) Executed by persons taking advances under the Land Improvement Loans Act, 1883, or the Agriculturists Loans Act, 1884 or by their sureties, as security for the repayment of such advances; (d) Executed by servants of the Government or their sureties to secure the due execution of an office, or the due accounting for money or other property received by virtue thereof. Proper stamp-Duty: One hundred Taka. Three hundred Taka.
Schedule, item 57
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 57. Description of Instruments: SETTLEMENT-A. Instrument of (including a deed of dower)- EXEMPTIONS Deed of Dower executed on the occasion of a marriage between Muslims- (i) Dower up to Twenty thousand Taka; (ii) Above Twenty thousand Taka. B. Revocation of-See also Trust (No. 63) Proper stamp-Duty: 1.5 % of the sum equal to the amount or value of the property settled as set forth in such settlement: Provided that where agreement to settle is stamped with the stamp required for an instrument of settlement, and an instrument of settlement in pursuance of such agreement is subsequently executed the duty on such instrument shall not exceed One hundred Taka. Nil 0.5% ad valorem 1.5% on the sum equal to the amount or value of the property concerned as set forth in the instrument of re vocation.
Schedule, item 58
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 58. Description of Instruments: SHARE WARRANTS TO BEARER issued under Companies Act. 1994- EXEMPTIONS Share warrant when issued by a company in pursuance of the Companies Act, 1994, section 46 to have effect only upon payment, as composition for that duty, to the Collector of Stamp revenue of- (a) One and a half per centum of the whole subscribed capital of the company; or (b) If any company which has paid the said duty or composition in full, subsequently issues an addition to its subscribed capital one and a half per centum of the additional capital so issued. Proper stamp-Duty: 2% of the value of the Consideration
Schedule, item 59
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 59. Description of Instruments: SHIPPING ORDER for or relating to the conveyance of goods on board of any vessels. Proper stamp-Duty: One hundred Taka.
Schedule, item 60
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 60. Description of Instruments: SURRENDER OF LEASE- (a) When the duty with which the lease is chargeable does not exceed five hundred Taka; and (b) In any other case. EXEMPTION Surrender of Lease when such lease is exempted from duty. Proper stamp-Duty: The duty with which such lease is chargeable Two hundred Taka.
Schedule, item 61
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 61. Entry 1 of 5: Description of Instruments: TRANSFER (whether with or without consideration)- (a) Of shares in an incorporated company or other body corporate; Proper stamp-Duty: 1.5% of the value of the consideration Entry 2 of 5: Description of Instruments: (b) Of debentures being marketable securities, whether the debenture is liable to duty or not, except debentures provided for by section 8; (c) Of any interest secured by bond, Mortgagedeed in respect of which duty has been paid under article No. 40 or policy of insurance- (i) If the duty on such bond, mortgage-deed or policy does not exceed five hundred Taka; Proper stamp-Duty: The same duty as prescribed under clause (a) of this article for the value of the share equal to be face amount of the debenture. The duty with which such bond, mortgage deed or policy of insurance is chargeable. Entry 3 of 5: Description of Instruments: (ii) In any other case; Proper stamp-Duty: Two hundred Taka. Entry 4 of 5: Description of Instruments: (d) Of any property under the Administrator General’s Act, 1913, section 25; Proper stamp-Duty: Two hundred Taka. Entry 5 of 5: Description of Instruments: (e) Of any trust property without consideration from one trust to another trustee or from a trustee to a beneficiary. EXEMPTIONS (1) Transfers by endorsement- (a) Of a bill of exchange, cheque or promissory note; (b) Of a bill of lading, delivery order, warrant for goods, or other mercantile document of title to goods; (c) Of a policy of insurance ; (d) Of securities of the Government, See also section 8. (2) Transfer of shares and debentures of the public limited companies defined in the Companies Act, 1994 (Act No. XVIII of 1994) and whose shares are listed in the stock exchange. (3) Transfer of bond of the Government organization, body corporate, and public and private limited companies as defined in the Companies Act, 1994 (Act No. XVIII of 1994). (4) Sale of receivables to a Special Purpose Vehicle in connection with securitization of assets. Proper stamp-Duty: One hundred Taka.
Schedule, item 62
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 62. Description of Instruments: TRANSFER OF LEASE by way of assignment and not by way of under lease. EXEMPTION Transfer of any lease when such lease is exempted from duty. Proper stamp-Duty: 1.5% of the value of the consideration equal to the amount of the consideration for the transfer.
Schedule, item 63
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 63. Entry 1 of 2: Description of Instruments: TRUST-A. Declaration of trust of any property when made by writing not being a will. Proper stamp-Duty: 0.1% of the amount of value of the property concerned as set forth in the instrument, maximum 10 (Ten) lac Taka. Entry 2 of 2: Description of Instruments: B. Revocation of trust of any property when made by instrument other than will. See also SETTLEMENT (No. 57) VALUATION-See APPRAISEMENT (No. 8) Proper stamp-Duty: 0.1 % of the value of the property concerned as set forth in the instrument, maximum 5 (five) lac Taka.
Schedule, item 64
[ORDER FOR THE PAYMENT OF MONEY] Sl.No. 64. Description of Instruments: WARRANT FOR GOODS, that is to say, instrument evidencing the title of any person therein named, or his assigns or the holder thereof, to the property in any goods lying in or upon any dock, warehouse or wharf, such instrument being signed or certified by or on behalf of the person in whose custody such goods may be. Proper stamp-Duty: One hundred Taka.