5, Section 7 of the principal enactment is hereby repealed and the following new section substituted there for: -
| 7.
| | (1) Where the payment of stamp duty with which an instrument is chargeable is indicated by means of an adhesive stamp the person executing such instrument or in the case of a notarially executed instrument, the notary and the person or any one of the persons executing such instrument shall cancel the stamp by writing his name or their names respectively across and initialing it in ink so as not to admit of it being used again. | | |
| | (2) Where an instrument executed outside Sri Lanka has been duly stamped, a person referred to in section 25 (2) shall cancel the adhesive stamp affixed on such instrument by writing his name across and initialing it in ink so as not to admit of it being used again. | | |
| | (3) Where an instrument boars an adhesive stamp of the value of fifty rupees or more such stamp, shall, in addition to the writing referred to in subsection (1) or (2), be cancelled by cutting it with a prick, punch, cutter or nipper. | | |
| | (4) Any instrument bearing an adhesive stamp which has not been cancelled in the manner set out in subsections (1), (2) or (3) shall be deemed to be unstamped to the extent of the value of that stamp.". | | |
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Sri Lanka Consolidated Acts