(1) Any instrument which -
(a) is specified in Schedule 1, and
(b) is executed in the State or, wherever executed, relates to any property situated in the State or any matter or thing done or to be done in the State,
shall be chargeable with stamp duty.
(2) The stamp duties to be charged for the benefit of the Central Fund on the several instruments specified in Schedule 1 shall be the several duties specified in that Schedule, which duties shall be subject to the exemptions contained in this Act and in any other enactment for the time being in force.
(3) Any instrument chargeable with stamp duty shall, unless it is written on duty stamped material, be duly stamped with the proper stamp duty before the expiration of 30 days after it is first executed
(4) Where any instrument chargeable with stamp duty is not stamped or is insufficiently stamped -
(a) the accountable person shall be liable, and
(b) where there is more than one such accountable person they shall be liable jointly and sev
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