With this SHCIL will be expanding reach across the States for issue of stamp paper and collection of money where e-Stamping system has been implemented, said the firm in an offical statement. IDBI Bank is the first bank to have an all India tie- up as an authorised collection centre (ACC) for e-Stamping system with SHCIL.
SHCIL has been appointed by the Government of India as a Central Record Keeping Agency (CRA) for Computerised Stamp Duty Administration System (CSDAS) and has devised a mechanism for the electronic method of collection of stamp duty.
SHCIL has established e-Stamping system in the States of Gujarat; Karnataka; National Capital Territory of Delhi and is also in the process of implementing e-Stamping system in the State of Maharashtra where an agreement is already executed with the State Government. SHCIL has also been working with several other State Governments like Tamil Nadu; Bihar; Uttar Pradesh; Punjab; Haryana; Assam etc for the introduction of the e-Stamping system.