Stamp Duty is not required for Enforcement of Foreign Awards, SC [Read Judgment]

Bar & Bench September 14 2018
stamp duty

Samridhi Hota

The Bench of Justices RF Nariman and  Indu Malhotra of the Supreme Court of India has finally settled the issue regarding payment of stamp duty for enforcement of Foreign Awards in India. It has held that since a foreign award, is not contained within the expression “award” in Item 12 of Schedule I, it is not taxable under the Indian Stamp Act, 1899

The Bench was hearing an appeal against the judgment of a Single Judge of the Madras High Court . . .

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