Revised Date for Collection of Stamp Duty

  Dated: 1st July 2020

NOTICE

Sub :  Revised Date for Collection of Stamp Duty

 

With reference to Notice dated January 8, 2020 and January 9,2020 on the captioned subject, Member are hereby informed that CSE will collect stamp duty from members and pay to respective Clearing Corporation at present Indian clearing Corporation Ltd (ICCL), with effect from  July 01, 2020. Stamp duty will compute and collect stamp duty as per the below stipulated rates in accordance with the provisions as specified in the Indian Stamp Act, 1899 and Indian Stamp Rules 2019.

 

Rate of Stamp Duty :-

Sr. No.

Segment

Applicable Stamp Duty Rate

Applicable on

1

Equity Cash

 

 

 

case of Delivery (Security other than debenture)

0.015%

Buyer

 

In case of Non-Delivery (Security other than debenture)

0.003%

Buyer

 

Transfer of Debentures

0.0001%

Buyer

 

Transfer of Government Securities

0.00%

Buyer

 

 

 

 

2

Equity Derivatives

 

 

 

Equity Futures

0.002%

Buyer

 

Equity Options

0.003%

Buyer

 

Delivery Settlement

 

 

 

Security other than debenture on delivery

0.015%

Receiver

 

Basis Security other than debenture on non-delivery basis

0.003%

Receiver

3

Debt Market

 

 

 

Transfer of Government Securities

0%

Buyer

 

Tri-party Repo on Corporate Bonds

0.00001%

Buyer

 

Transfer of Debentures

0.0001%

Buyer

 

 

 

 

4

Offer for Sale, Tender-Offers for Takeovers, Buy Back and Delisting of Securities

0.015%

Seller / Offeror

Members are requested to refer the aforesaid circulars pertaining to computation methodology in respect of calculation and collection of stamp duty for various segments.

 

For The Calcutta Stock Exchange Ltd.

 

 

 

Prosenjit Dutta

Chief Financial Officer