If all applicable laws are enacted and interpreted in conjunction with each other, electronic agreements, as valid agreements, can also be considered responsible for stamp duty when they are enforced. However, the same tax will be in accordance with state laws. While national legislation provides for the possibility of electronic stamps, it is also used to meet the objective of the paperless economy. However, some states are not yet in a position to recognize the importance and validity of E-Accords and electronic stamps. It is proposed by the state and the central government to adopt specific provisions on e-agreements and electronic stamps in order to save time and money and to facilitate business activity. The deed of sale would require that tariffs apply to a subsequent sic contract that would give great importance to the absence of a recital in the delivery agreement. Under the Indian stamp law and most state stamp duty laws, stamp duty instruments are inadmissible evidence in the event that no appropriate stamp duty has been paid. Section 35 of the Indian Stamp Act deals with the consequences of not stamping documents. It says that the inclusion in the collection of stamp duty on the EU list is as follows: - cannot be received as evidence, unless the correct stamp duty and the penalty are paid in the form of an agreement.
In light of the Veena Hasmukh Jain decision (2 above) setting out the requirements of Section 35 of the Stamps Act, if not stamped, communications were issued in several states regarding the issuance and/or reduction of stamp duty for transfer transactions. For example, in Rajasthan, stamp duty levied on any agreement or other document executed for the benefit of ARCs1 for the transfer or transfer of rights or shares of financial assets was paid by banks or financial institutions in accordance with Section 5 of SARFAESI. In addition, in Maharashtra, stamp duty on the credit securitization instrument or the allocation of underlying security debt has been reduced to 0.1% (zero one per cent) of the securitized loan or debt allocated to a maximum of Rs.