'E-stamping will cover all Indian states in three years'

AHMEDABAD: The e-stamping facility is projected to cover all states in the country over the next three years, a top official said today.

"It is projected that e-stamping facility will be effective in all the states over next three years," Chief Commissioner of Customs, Gujarat Zone, Lipika Majumdar Roy Choudhary said.

"Importance is being attached to e-stamping now after thrust on e-governance in the budget. It is a planned move forward, because just six states are offering the facility presently," she said, speaking at the CII organised function on budget analysis.

Presently, e-stamping facility is available in six states of the country including Gujarat and Karnataka. The facility was first introduced post Telgi scam, as a measure to curb stamp paper linked frauds.

E-stamping is a computer based application and a secured electronic way of stamping documents. The prevailing system of physical stamp paper/franking is proposed to be replaced by e-stamping system.

The Stock Holding Corporation of India (SHCIL) has been mandated by the Government of India (GoI) as central record keeping agency for e-stamping.