e-Stamping-Basics



What is e-Stamping? 

E-Stamping is a computer based application and a secured electronic way of stamping documents. It’s an electronic way of paying stamp duty to the Government.

What are the features of E-Stamping? 

1 On-line Stamp Duty Certificate can be generated within minutes 
2 Stamp Certificate generated is tamper proof
3 Its a secured electronic payment gateway to the Government
4 Authenticity of the Certificate can be checked through its inquiry module.
5 Stamp Certificate generated has a Unique Identification Number (UIN). 
6 Specific denomination is not required.

 

What are the benefits of E-Stamping? 

1 Easy accessibility and faster processing
2 Security
3 Cost savings
4 User friendly
5 Hassle free maintenance

 

What is Unquie Identification Number (UIN)?

UIN is a Stamp Certificate number mentioned on the Stamp Certificate. Anybody, having the Unique Identification Number, can check the authenticity of the Certificate through www.shcilestamp.com.

 

What is a CRA? 

CRA stands for Central Record Keeping Agency. STOCK HOLDING CORPORATION OF INDIA LIMITED (SHCIL) is the only CRA appointed by the Government of India.

 

What is the role of CRA? 

Central Record Keeping Agency is responsible for User Registration, Imprest Balance Administration and overall E-Stamping Application Operations and Maintenance. CRA will appoint ACC’s and Travelling Vendors who will issue Certificates to the clients at their counters.

 

What do you mean by ACC? 

ACC menas Authorised Collection Centre (ACC). Its an agent appointed by SHCIL. ACC is the intermediary between the CRA and Stamp Duty payer.

 

Who can become ACCs? 

1. Bank & Financial Institutions
2. Law firms,
3. Chartered Accountant firms
4. Professionals

 

What is Registration process of ACC?

ACC should submit the application form along with the necessary proofs as mentioned in the application form. ACCs need to pay a nominal registeration fee and interest free security deposit. ACCs need to maintain a running imprest balance.

 

How will I get a Stamp Certificate? 

The client has to approach an ACC appointed by SHCIL and fill up the application form as prescribed in the e-Stamping system. Stamp Certificate is generated only after realisation of funds.

 

When will I get the Stamp Certificate from ACC? 

After submitting a duly filled application form, the ACC will enter the details into the system and a Stamp Certificate would be generated immediately in case of cash and in case of Cheque/ Demand Draft/ Payorder only after realisation of funds.  

 

After generating the Certificate, can I cancel the Stamp Certificate? 

For cancellation you need to get in touch with the Competent Authority at the Stamp Office appointed by the State Government.


Disclosure: The above information/content is taken from http://www.shcilestamp.com.  
SHCIL have copyright over above information/content. 
The above information/content is put for general education purpose and awareness.
Link for more details http://www.shcilestamp.com/FAQ.html