View All - 1982 Acts Section No : Acts & Ordinances STAMP DUTYMarginal Notes1. This Act may be cited as the Stamp Duty Act, No. 43 of 1982, and shall come into operation on such date as the Minister may, by Order published in the Gazette appoint (in this Act referred to as the " appointed date ".)2. Instruments chargeable with duty 3. Instruments relating to several distinct matters. 4. Other enactments saved 5. Exemptions. 6. Time and mode of paying stamp duty. 7. Cancellation of adhesive stamps. 8. Only one instrument to be on a piece of stamped paper. 9. How instruments effecting exchange are to be stamped. 10. Contracts, effected by correspondence. 11. Documents in legal proceedings 12. Stamping of duplicate of certain instruments 13. Composition of stamp duty payable on certain instruments. 14. Value of suits. 15. Valuation for stamp duty. 16. How certain bonds or mortgages are to be charged. 17. Instruments reserving interest 18. How consideration consisting of periodical payments to be charged. 19. Stamp duty where value of subject matter is indeterminate 20. Drawing several instruments to avoid duty. 21. Certain agreements to be chargeable with same ad valorem duty. 22. Conditions affecting instruments of conveyance. 23. Obligation to give receipts in. certain 24. Duty by whom payable. 25. Liability of other parties for stamp duty. 26. Liability when company is wound up. 27. Power of certain officers to impound and examine instruments. 28. Impounded instruments to be transmitted to the Commissioner-General. 29. Instruments not duly stamped by accident produced voluntarily. 30. The Commissioner-General to deal with impounded instruments. 31. Endorsement of instrument on which duty has been paid 32. Non-liability for loss of instruments sent 33. Admissibility of instruments. 34. Effect of non-compliance with this Act in ease of certain bills of exchange 35. One bill only of a set need be stamped. 36. Admissibility of receipts in certain cases. 37. Power of payer to stamp bills, promissory notes, cheques received by him unstamped. 38. Adjudication as to proper stamp duty. 39. Endorsement by Assessor 40. Appeals to the Commissioner General. 41. Appeal to the Board of Review 42. Amount when final 43. Appeal on a question of law to the Court of Appeal and to the Supreme Court. 44. Duty to include penalties, fines &c. 45. Provisions regarding payments of stamp duty &c. 46. Duty to be a first charge. 47. Notice to defaulter. 48. Recovery of duty by seizure and sale. 49. Proceedings for recovery before a Magistrate. 50. Recovery of duty out of debts &c. 51. Recovery of amount from persons leaving Sri Lanka. 52. Use of more than one means of recovery. 53. Power to obtain information for the recovery of duty. 54. Allowances for unused and spoiled stamps. 55. Stamp duty or penalty paid inadvertently 56. Penalty for executing, &c. instruments not duly stamped. 57. Penalty for issue of share certificate or warrant not duly stamped. 58. Notary public failing to act in accordance with provisions of this Act. 59. Penalty for defrauding State. 60. Amount of stamp duty or penalty to be payable notwithstanding any proceeding for penalties &c. 61. Institution of prosecutions. 62. Power of the Commissioner-General to compound offences. 63. Officers. 64. Signature, service and validity of notice 65. Exercise of discretions in regard to penalties 66. Persons paying duty or penalty-may recover same in certain instances. 67. Orders. 68. Stamp Ordinance Chapter 247) not to apply to instruments executed on or after the appointed date. 69. Regulations. 70. Amendments to certain enactments 71. Interpretation.