Section 47A
Penalty for late stamping
ActIn forceProvision 67 of 149
Section 47A
(1)
An instrument which is not stamped within the period specified in or under subsection 36(2), section 40, 43 or 47 may be stamped on payment of the unpaid duty and a penalty of—
(a)
fifty ringgit or ten per centum of the amount of the deficient duty, whichever sum be the greater, if the instrument is stamped within three months after the time for stamping; or
(b)
one hundred ringgit or twenty per centum of the amount of the deficient duty, whichever sum be the greater, in any other case.
(2)
The Collector may, if he thinks fit, reduce or remit such penalty or the further amount payable under subsection 9(3).
64 Laws of Malaysia ACT 378