These issues are also dealt with separately in Section 21, the value on which the tax is to be levied, Section 29, the frequency of customs payment, schedule I duty. Section 35 of List 1 of the Bombay Stamp Act states that the stamp duty on the compensation loan was 500/- (five hundred rupees). Reading section 3, it is obvious that stamp duty should not be paid on the transaction, but on the instrument we use to carry out such a transaction. The question that now arises is therefore what the instrument is and whether the share certificate or the share transfer instrument and related documents are instruments. „The communication sheds light on several aspects of the amendments to the Law Enforcement Act of 1899. The question remained as to whether stamp duty was paid to the State in which the client or broker is located.