PENALTY

1. An instrument may be stamped within 30 days of its execution if executed within Malaysia or within 30 days after it has been first received in Malaysia, if it has been executed outside Malaysia.
   
   
2. If it is not stamped within the period stipulated, a penalty of
   
   
   • RM25.00 or 5% of the deficient duty, whichever is the greater, if stamped within 3 months after the time for stamping;
   • RM50.00 or 10% of the deficient duty, whichever is the greater, if stamped after 3 months but not later than 6 months after the time for stamping;
   • RM100.00 or 20% of the deficient duty, whichever is the greater, if stamped after 6 months from the time for stamping; may be imposed.

The above rates are effective from 1/1/2003