Amendment status not verified — confirm the current text below against the official source.
BILL OF EXCHANGE (as defined by S. 2(2) not being a bond, Bank Note or currenCy notes :— 3(b) Where payable otherwise than on demand :— (i) where payab1e not more than three (ii) (iii) (iV) months after date or sight— it‘ the amount of the bill or note does not exceed Rs. 500]- if it exceeds Rs. 500/- but does not exceed Rs. 1,000]- and for every additional Rs. 1,000/- or part thereof in excess of Rs. 1,000/- . Where the payab1e more than three months but not more than six months after date or sight— ]f the amount of bill or note does not exceed Rs. 500/— If it exceeds Rs. 500/~ but does exceed Rs. 1,000/- and for every additional Rs. 1,000/- or part thereof in excess of Rs. 1,000/— Where payable more than six months but not more than nine months after date sight— If the amount of the bill or note does not exceed Rs. 500/- If it exceeds Rs. 500/- but does not exceed Rs. 1,000/- and for every additional Rs. 1,000’/— or part thereof in excess of Rs. 1,000,’- Where payab1e more than nine months but not mere than one year after date sight— It‘ the amount of the hilt or note ' does not exceed Rs. 500/- One rupee and fifty paise. Three rupees. Three rupees. Three rupees. Six rupees. Six rupees. Four rupees fifty paise. Nine rupees. Nine rupees. Six rupees.