# The Assam Stamp (Amendment) Act, 1950, Section 32

- Act: The Assam Stamp (Amendment) Act, 1950 (Act 7 of 1950)
- Source URL: https://indiacode.ecourtsindia.com/assam-stamp-amendment-act-1950/section/32/

## Text

FURTHER CHARGE-Instrument of, that is to say, any instrument imposing a futher charge on mortgaged property- (a) when the original mortgage is one of the description referred to in clause (a) of Article No.40 (that is, with possession) ; Five rupees. liaCode Seven hundred and fifty rupees. Five hundred rupees. The same duty as a conveyance (No.23) for a consideration equal to the value of the property of greatest value as set forth in such instrument. The same duty as a conveyance (No.23) for a consideration equal to the amount of the further charge secured by such instrument. (b) when such mortgage is one of the description referred to in clause (b) of Article No.40 (that is, without possession) --- (i) if at the time of execution of the The same duty as a conveyance instrument of further charge possession of the property is given or agreed to be given under such instrument. (No.23) for a consideration equal to the total amount of the charge including the original mortgage and any further charge already made), less the duty already paid on such original mortgage and further charge. e The same duty as Bond (No.15) for the amount of the further charge secured by such instrument.

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