272Replicas

#### 272 Replicas 272 Replicas > > (1) Duty is chargeable on a replica— > > > > > (a) at $100, or > > > > > (b) at the same amount as the duty with which the instrument the replica is intended to replace was stampable, > > > > whichever is the lesser. > > > (2) The persons liable to pay the duty are the parties to the replica or any one or more of them. > > > (3) A replica that is duly stamped is to be marked in such manner as the Chief Commissioner thinks fit to denote that it is a replica. > > > (4) In this section, replica means an instrument that— > > > > > (a) is executed to replace, and > > > > > (b) contains the same terms as, but no other terms than, those contained in, > > > > a previously executed instrument that has been lost, spoiled or destroyed and that, in the Chief Commissioner’s opinion, has been duly stamped. > > **s 272:** Am 2008 No 122, Sch 1.2 \[15\]; 2023 No 26, Sch 1\[1\].