The same tax levied on a transfer under article 25(a), (b) or (c) for the total amount of the charge (including the initial mortgage and all other charges already collected) less the tax already paid for that initial mortgage and other charges. [Explanation II – If, in the case of a mortgage seizure agreement, the amount or part thereof to be secured by such an agreement is predeceased or paid to the mortgage debtor or without performance of a mortgage loan, such a mortgage agreement is, without prejudice to the clauses provided for in section 2 of clause (d) in this Article, as a mortgage instrument at the time of pre-declaration or payment, All]. Learned Counsel also argued that, for the first time on 31.10.1994, after a forfeiture of more than 7. it appeared that, had he been informed earlier of the payment of stamp duty on the contract concluded on 11-6-1987, the petitioner would have paid the same amount. According to the petitioner, they were. Petent under the provisions of the Indian Stamps Act for non-payment of reasonable stamp duty. In response to this question, Respondent No. 3 A.D.M. (F &R) wrote on 31.10.1994 to 5.3 A person may be liable to a severe term of imprisonment of up to 6 months (1 month minimum) and a fine of up to 5,000 if it is shown that the instrument was undervalued or that a brief payment of tax was made for the purpose of evading the obligation. 38. LETTER OF LICENCE, i.e. any agreement between a debtor and its creditor, which suspends its claims for a certain period of time and allows the debtor to carry out its operations at its own discretion.
The same duty to be paid in accordance with items 1, 2 or 3, less the duty paid on earlier instruments of similar instruments. . . .