Any person who, - (A) with intent to defraud the Government of duty, draws, makes or issues any bill of…
Section 68 of the Indian Stamp Act, as applicable in Himachal Pradesh, punishes drawing, issuing or dealing with a post-dated bill of exchange or promissory note with intent…
Choose your answer
Any person who, -
(A) with intent to defraud the Government of duty, draws, makes or issues any bill of exchange or promissory note bearing a date subsequent to that on which such bill or note is actually drawn or made; or,
(B) knowing that such bill or note has been so post - dated, endorses, transfers, presents for acceptance or payment, or accepts, pays or receives payment of, such bill or note, or in any manner negotiate the same; or,
(C) with the like intent, practices or is concerned in any act, contrivance or device not specially provided for by this act or any other law for the time being in force; shall be punishable with:
Answer and explanation
Correct answer B
Section 68 of the Indian Stamp Act, as applicable in Himachal Pradesh, punishes drawing, issuing or dealing with a post-dated bill of exchange or promissory note with intent to defraud the Government of duty with a fine which may extend to one thousand rupees, not the amounts fixed under sections 67, 69 or 70.