New Delhi, May 16
THE Finance Ministry has approved new design of stamp papers in denomination from Re 1 to Rs 25,000.
A Ministry release said that production and supply of these stamp papers have started in a phased manner.
The new stamps papers are printed on special security paper with special security inks and printing techniques, the release added. The stamps would now be State-specific, with the name of the State printed on them. The stamps would also be serially numbered to make their tracking easy.
The new design and the special security features are aimed at countering the menace of fake stamp papers. The Security Printing Press in Hyderabad has started printing stamps in denominations up to Rs 20, while the India Security Press, Nashik, is printing in the Rs 50, Rs 100 and Rs 500 denominations. All these stamps are being sent to the States, the release said.
The Finance Ministry also said that stamps in the denomination of Rs 1,00 and Rs 5,000 are under print and would be despatched in a phased manner.
Stamps in the denomination of Rs 10,000 to Rs 25,000 are in the process of being designed and printed.
According to the release, the complexities of the security features are commensurate with the face-value of the stamps. High-value stamps have been printed on special paper with "intricate security features".
During the past year, the Finance Ministry conducted numerous technical sessions in which officials from Central and State Government Treasuries and Revenue Departments from all over the country were trained to identify counterfeit documents.