Is There Expiry Date For Stamp Papers ?
Documents like Agreement, Sale Deed, Gift Deed, Exchange Deed, Mortgage Deed, Lease Deed etc are to be drawn on Stamp Papers of requisite value as prescribed from time to time and every stamp paper will contain the date of its purchase.
Is there any expiry date for stamp papers ? or in other words does law insist that the stamp paper used for preparing a document should be purchased with in any particular time limit ? A division bench of the Hon. Supreme Court of India has ruled on 19th February 2008 that the Indian Stamp Act nowhere prescribes any expiry date for use of a stamp paper. The Stamp Act has stipulated that if refund of the value of any unused stamp paper is to be claimed such stamp paper must be surrendered to the concerned authority with in six months from the date of its purchase. That apart, there is no time limit for using the stamp paper after it purchase . According to the Supreme Court “there is no impediment for stamp paper purchased more than six months prior to the proposed date of execution, being used for a document”.( 208 (2) KLT 267) The same dictum is applicable under the Kerala Stamp Act also.