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What is Stamp Duty on Bank Guarantees Explained about?

The Bank Guarantee must be issued on non-judicial Stamp paper of the appropriate value, either in the name of the issuing bank or the party on whose behalf it is issued. Stamp Duty Charges may vary by state and can change over time, so bidders should verify the applicable rates at the time of creation or submission. Bidders are responsible for any deficits in Stamp Duty.

Author

shubh190394

Language

EN