When we hear the words revenue stamps or shrink sleeves, they might sound non-existent, and one might wonder how they look and on which products are they used. However, in reality, without even knowing, we come across these two daily on various products. Read on to learn more about revenue stamps and shrink sleeves.
What are Revenue Stamps?
A revenue stamp is used to collect fees or taxes for maintaining courts. These stamps, similar in appearance to postage stamps, are added to products and relevant documents to signify payment of a fee, and they are popular with collectors just like postage stamps. They take many forms and may be perforated or perforated, printed, or embossed, gummed or ungummed, and of any size.
The revenue stamps are in use way earlier than the postage stamps. There are various kinds of great revenue stamps in the world, of which many remain unrecorded. Sometimes, the governments used to combine the functions of postage and revenue stamps. These stamps were often inscribed as Postage and Revenue to reflect their dual functioning.
Revenue stamps are produced, for their use concerning the tax of various products, including:
- Alcoholic drinks
- Hunting licenses
- Vinyl records
- Playing cards
Under section 30, revenue stamps are used for payments that exceed a minimum amount of ₹ 5000 and are used as proof that the payment has been made to the person signing the cash voucher. Also, under section 65, the payee will be punished with a fine of ₹ 100 if they refuse to give a receipt with a revenue stamp.
Most people, after seeing a revenue stamp on any paper, think that it is genuine, but it is not used for authentication purposes but for generating revenue. For every legally permitted transaction, a specified amount should be given to the Government. Stamping of receipts evidencing taking or giving money also requires such revenue, and a revenue stamp is affixed as proof of that.
What are Shrink Sleeves?
A shrink sleeve label is a full-colour 360-degree heat-sensitive material, which on applying heat, can be modified into the shape of the product to which it is to be applied. These labels are printed on either polyester or plastic film material. The durability of shrink sleeves makes them suitable for products that encounter friction or moisture.
Revenue stamps and shrink sleeves
Despite there being not much relation between revenue stamps and shrink sleeves, you might still sometimes find them being used together on products like cigarette boxes and alcohol bottles. The revenue stamps on these products are used as evidence of tax payment, while shrink sleeves are used to provide utmost safety and protection from counterfeit.
Thus, these revenue stamps and shrink sleeves serve different purposes and are also used together in specific contexts.
Why choose Holostik?
At Holostik, we use the next level of manufacturing technologies which help us maintain precision and perfection in our final products. We are the pioneer and industry leader in anti-counterfeiting solutions and provide the best security printing services.