(1)

Every instrument chargeable with duty executed only out of India, and not being a bill of exchange [*] [The word "cheque " omitted by Act 5 of 1927, Section 5.] or promissory note, may be stamped within three months after it has been first received in [India] [Substituted by Act 43 of 1955, Section 2, for "the States " (w.e.f. 1.4.1956).]

(2)

Where any such instrument cannot, with reference to the description of stamp prescribed therefor, be duly stamped by a private person, it may be taken within the said period of three months to the Collector, who shall stamp the same, in such manner as the [State Government] [Substituted by A.O.1950, for "collecting Government " .]

may by rule prescribe, with a stamp of such value as the person so taking such instrument may require and pay for