Bare ActsThe RESERVE BANK OF INDIA ACT, 1934

Section 29

Bank exempt from stamp duty on bank notes

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Bank exempt from stamp duty on bank notes.—The Bank shall not be liable to the payment of any stamp duty under the Indian Stamp Act, 1899 (2 of 1899) in respect of bank notes 1*** issued by it.

Section 29 – The RESERVE BANK OF INDIA ACT, 1934 | DailyLaw.ai