JK switches over to e-stamping system

Srinagar: The Governor, N N Vohra, today promulgated an Ordinance to pave the way for the implementation of the Dematting of the Stamps in J&K.
 The implementation of the e-Stamping System in the State will enable the Government to provide prompt and efficient delivery of an essential public service, resulting in proper valuation of properties, cut down the menace of under-valuation of Stamps and earn enhanced revenue for the State.
 The e-Stamping System is a secured and reliable Stamp Duty Collection Mechanism, free of paper and process related frauds. The State Government had earlier accorded sanction to the switching over to the e-Stamping System (Dematting of Stamps) and has, towards this objective, already issued a Letter of Intent (LoI) to the Stock Holding Corporation of India Limited (SHCIL).

Lastupdate on : Wed, 11 Aug 2010 21:30:00 Makkah time
Lastupdate on : Wed, 11 Aug 2010 18:30:00 GMT
Lastupdate on : Thu, 12 Aug 2010 00:00:00 IST



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