Bhubaneswar/Cuttack : More than 10 years after it was introduced and after 17 States across the country adopted it, the Odisha government introduced the e-stamping system in the State on Monday. The system enables the public to pay registration fees through electronic payment system. The system was inaugurated by Forest and Environment minister Bijoyshree Routray and School and Mass education minister Devi Prasad Mishra.
E-stamping is an electronically generated stamp paper, which can be used by the registrant public as a safe and secure method of paying stamp duty for any purpose without physical purchase of stamp paper. The new system would not only enable the public to make hassle-free payment of stamp duty, it would also save the cost of printing, storage and transportation of stamp papers and thus benefit the state government.
Official sources said the practice of using physical stamp paper and franking of stamp duty shall continue that even after the introduction of e-stamping, Initially, the newly-introduced system will be available in Bhubaneswar, Cuttack and Rourkela, the sources added.
On June 7, the Odisha government had signed an agreement with Stock Holding Corporation of India Ltd (SHCIL) for e-stamping services as an additional mode of collecting stamp duty. SHCIL has been appointed as the Central Record Keeping Agency (CRA) for issuance of e-stamp certificate in the State, the sources added.