There had been gain in momentum by states in considering our product tax meters (stamp paper franking machine) after the Telgi scam, he said. The tax meter, which is a tax revenue evidencing product, has been installed in states like Maharashtra, Andhra Pradesh, Karnataka, Gujarat and Orissa, Mr Nanaiah said, adding West Bengal and Bihar have just approved its installation.
Maharashtra has taken the lead and collected about 60% of its stamp duty aggregating Rs 1,800 crore from tax meter. The company is holding talks with the postal department to introduce hand-held franking machines in the rural areas to offer an alternate to stamp selling mechanism that would help reducing costs drastically. We are ready to introduce hand-held franking machine developed keeping Indian and other growing economies in mind. We have spent several months in rural India to give final shape to the device which yet to be formally branded, Pitney Bowes Inc chairman and chief executive officer Michael J Critelli had told recently.