New stamp papers from July 1: ISP

While most of the states have placed orders for the new series of stamp papers, Andhra Pradesh and Karnataka had not done so, Narayan said. The two are against the old practice of selling stamp papers to the public and collecting money while legal deeds drawn up on these are registered later. They have called to make sale of stamp paper and registration of deeds simultaneous. The states might, therefore, cut back on purchase from the ISP.

Besides, Andhra collects revenue through banks that sell stamp papers in places where there is no state treasury. The two states will buy partly from ISP and stocks of their treasuries and banks.

The new series comes even as the ISP is grappling with the fallout of the fake stamp paper scam. Narayan’s predecessor, Gangaprakash Chaudhari, and several officials were arrested by the CBI for allegedly colluding with Abdul Karim Telgi and selling him a printing machine without dismantling security features.