Stamp Procurement and Management Addendum
This Stamp Procurement and Management Addendum is applicable only when the Agreement specifies that the Stamp Procurement Service is being provided to the Customer.
1. The Customer may order physical stamp papers, e-stamp certificates, eChallan, eGRAS, as per the applicable state regulations (“Stamp”) of the required denomination on the platform or by placing a request with the dedicated customer success manager. The Customer shall provide the necessary details for the procurement of Stamp applicable to each state, including but not limited to name of the parties, denomination, PAN, and purpose of the transaction.
2. After the order is placed by the Customer, the Stamp will be procured by the Company from the authorised Stamp vendor/s and made available to the Customer on the platform as per the turnaround time (“TAT”) detailed below.
3. The Customer shall pay the Company a convenience fee for Stamp procurement and management including but not limited to scanning and uploading services ("Service Fee"). Service Fee is excluding GST, TDS, refunds, reimbursements, or any other applicable taxes.
4. Service Fee and the TAT to make the Stamps available for Customer’s use on the platform shall be as follows:
| Stamp Duty Amount (INR) |
Convenience Fee per Stamp (INR) |
TAT-Ad hoc Orders | TAT-Bulk Orders |
| Up to 499 | 50 | <4 hours | <12 hours |
| 500 to 999 | 75 | <4 hours | <12 hours |
| 1,000 to 4,999 | 250 | <4 hours | <12 hours |
| 5,000 and above | 500 or 10% (whichever is higher) | <6 hours | <24 hours |
5. Multiple Stamps may need to be used together on a contract to pay the required stamp duty, for example, if the Customer needs to pay a stamp duty of INR 700, one Stamp each of INR 500 and INR 200; or one Stamp of INR 500 and two Stamps of 100 could be used as per the Stamp denomination available or applicable in each state.
6. For the purposes of this addendum, an order or request for (i) 20 or more Stamps of a certain denomination will be considered “Bulk Order” (ii) less than 20 Stamps of a certain denomination will be considered as an “Adhoc Order”.
7. In the event Customer requires the Company to courier physical copies of stamps to a Customer designated address, in addition to the Service Fee, a handling fee of INR 500, per courier, shall be paid by the Customer.
8. The Customer understands and acknowledge that the TAT serves as the mutually expected timeline for making Stamps available and may be affected by circumstances such as the unavailability of Stamps at authorized centres due to Government holidays in the respective state, Government portals being inaccessible, or any other unforeseen reasons.
9. The Customer shall be liable to pay the Service Fee for each Stamp procured on a monthly basis, within 30 days from the date of the invoice.
10. The Customer shall pay to the Company, an amount in advance based on the estimate of monthly volume of Stamps to be procured by the Company on behalf of the Customer (“Deposit”) at the beginning of each month. Company shall deduct the applicable stamp duty and the fee payable to authorised vendors or Government to issue the Stamps, as applicable in each state (“Issuing Fee”) from the Deposit each month, and the remaining unused amount shall be carried forward to the next month.
11. Stamp duty and Issuing Fee are exempted from GST and Tax Deducted at Source. Additional cess or tax on the stamp duty applicable as per any state regulation shall be borne by the Customer.
12. The Issuing Fee and Service Fee may vary subject to changes in the commission paid by the Government to the authorised vendors.
13. Upon Customer's request, Company shall provide the monthly spend report detailing the stamp duty and Issuing Fee based on the Stamps procured each month.
14. In the event of expiry or termination of the Agreement, any unused portion of the amount from the Deposit shall be refunded to the Customer after deducting any unpaid fees and applicable taxes payable for any orders already processed before the date of expiration or termination.
15. The Customer shall be solely responsible to ascertain the appropriate stamp duty payable on a contract or a document before or after execution of the document. Company shall not be liable for any incorrect payment or miscalculation of stamp duty by the Customer or any inaccurate stamping of a contract or a document. Company shall act as a Pure Agent as defined under the relevant rules under CGST Act, 2017 of the Customer. Company may assign the responsibility of procuring Stamps to its employees, agents, or subcontractors. In no event shall Company be liable for any misrepresentation, fraud, or negligence by such authorised vendors with respect to the authenticity of the Stamps. Company shall have no liability for any damage to the Stamps during transit, in the event Customer requires physical copies of Stamps to be couriered to a designated address.