Amendment status not verified — confirm the current text below against the official source.
In the Indian Stamp Act, 1899 (Act No. II of 1899) after the existing Section 10 as substituted by this Act in its application to Nagaland, the following may be inserted namely: "I OA -11- (1) Notwithstanding anything contained in Section 10, the stamp duty payable on an instrument may also be paid in cash by challan in the Banking Treasury or Treasury, countersigned by an Officer empowered by the State Government by notification in this behalf or by demand draft of pay order, as the case may be, certify in such manner as may be prescribed by endorsement on the instrument, of the amount of duty so paid. (2) An endorsement made on nay instrument under Sub-Section (1) shall have the same effect as if the duty of an amount equal to the amount stated in the endorsement has been paid in respect thereof and such payment has been indicated on such instrument by means of stamps, in accordance with the requirement of section 10. -12-