Section 54
TRANSFER (whether with or without consideration)-
54 TRANSFER (whether with or without consideration)-
(a) of debentures being marketable securties whether 'the debenture is liable to rluty or not.
(b) or d stocks
(c) Of any interest secured by a Bond, mortgage deed or policy of insurance-
(i) If the duty on such a bond, mortgage deed or policy does not exceed Twelve rupees and fifty naye paise.
(ii) In any other case.
(d) Of any prooerty under the Administrator General·-; Act, 1913, (Section 25);
(e) Of any trust propertY without consideration from one trustee to another trustee or :from a trustee to a beneficiary
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The duty with which such lease is chargeable.
Twelve rupees fifty naye paise
Fifty naye paise for every one hundred rupees or part thereof of the face amount of the debenture.
Fifty naye paise for every one hundred rupees or part thereof of the face amount of the debenture stock.
The duty with which such bond, mortgage deed cr policy of insurance is chargeable.
Twelve rupees fifty naye paise.
Twenty-two rupees fifty naye paise
Ten rupees fifty naye paise or such smaller amount as may be charged under Clauses (a) and (b) of this article.
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St. No.
Descrzplzo11 ofwslrumeflt
'Exemptions
Transfer by endorsement-
(a) of a blll of exchange, cht>que or promissory note;
(b) of a bill of lading, delivery order, warrant for goods, or other mercantile document uf title to goods;
(c) of a policv of insurance;
(.d) of securities of Central Government