Section 21: Stock and marketable securities how to be valued
The Stamp Act · Federal Acts · Chapter II · in_force
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Stock and marketable securities how to be valued.—Where an instrument is chargeable with ad valorem duty in respect of any stock or of any marketable or other security, such duty shall be caluc1ated on the value of such stock or security according to the average price or the value thereof on the day of’ the date of the instrument.
Related sections
Section 20: Conversion of amount expressed in foreign currenciesSection 22: Effect of statement of rate of exchange or average priceSection 19: Bills and notes drawn out of PakistanSection 23: Instruments reserving interestSection 18: Instruments other than bills and notes executed out of PakistanSection 23A: Certain instruments connected with mortgages of marketable securities to be chargeable as agreements
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