The Punjab government has decided to abolish the stamp duty of Rs 100 on sale or transfer of registered vehicles and to delete it from respective provision of the Stamp Act, 1899.
The decision was taken in the 25th meeting of the cabinet committee on legislative business held at the Civil Secretariat on Thursday under the chairmanship of Provincial Minister for Law, Parliamentary Affairs Raja Basharat.
The cabinet committee also allowed the Punjab government to spend the surplus funds available with the Punjab Cooperative Liquidation Board as per desired. Establishment of basic health unit Uthwal, District Chakwal, and appointment of chairman of the Punjab Quran Board were postponed for further consideration.
The committee also approved proposals presented by the Board of Revenue regarding reduction in stamp duty and amendment in West Pakistan Board of Revenue Conduct of Appeals Rules 1959.
The committee approved proposal for enhancement in powers of commissioner in respect of revision appeals against collector's order regarding refund of stamp papers, was given go ahead. The meeting was attended by the senior member Board of Revenue, secretary law and secretaries of relevant departments.
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