(1) The Stamp duty shall be levied in the following documents as mentioned in the Schedule :-

(a) deed or memorandum of loans, monetary transaction,

(b) deed of rent bond,

(c) deed of sale of goods and commodities other than non-organizational agricultural goods,

(d) document relating to the purchase and sale of shares, debentures stocks,

(e) negotiable instruments and promissory notes,

(f) all documents relating to insurance policy, and

(g) receipt of rent of a house, shop, hall, hotel and room.

(2) Notwithstanding anything contained in Sub-section (1), the Stamp duty shall not be levied on the following documents:-

(a) a deed of loan (Tamasuk) that is required to be registered compulsorily,

(b) receipt of payment of principal, interest of a loan on which deed has been executed and of payment of crops in kind or in cash,

(c) debentures of Government of Nepal.

(d) cheque, draft, telegraphic transfer (T.T.) and

(e) such documents, out of those mentioned in Subsection (1), as may be so prescribed by Government of Nepal by a Notification published in the Nepal Gazette as may not be subject to the Stamp duty fully or partly.

(3) Postal stamp may be affixed instead of the Stamp to the document subject to the Stamp duty pursuant to Sub-section (1) until the Stamp is available.