49.    Allowance for spoiled stamps.– Subject to such rules as may be made by the [Provincial Government] as to the evidence to be required, or the enquiry to be made the Collector may, on application made within the period prescribed in section 50, and if he is satisfied as to the facts, make allowance for impressed stamps spoiled in the cases hereinafter mentioned, namely:-

         (a)  the stamp on any paper inadvertently and undesignedly spoiled, obliterated or by error in writing or any other means rendered unfit for the purpose intended before any instrument written thereon is executed by any person:

         (b)  the stamp on any document which is written out wholly or in part, but which is not signed or executed by any party thereto:

         (c)  in the case of bills of exchang[payable otherwise than on demand]  * *] or promissory notes–

               (1)  the stamp on [any such bill of exchange] * * *] signed by or on behalf of the drawer which has not been accepted or made use of in any manner whatever or delivered out of his hands for any purpose other than by way of tender for acceptance provided that the paper on which any such stamp is impressed does not bear any signature intended as or for the acceptance of any bill of exchange * * *] to be afterwards written thereon:

               (2)  the stamp on any promissory note signed by or on behalf of the maker which has not been made use of in any manner whatever or delivered out of his hands:

                    (3)   the stamp used or intended to be used for any such bill of exchange] * *] or promissory note signed by, or on behalf of, the drawer thereof, but which from any omission or error has been spoiled or rendered useless, although the same, being a bill of exchange * *], may have been presented for acceptance or accepted or endorsed, or, being a promissory note, may have been delivered to the payee: provided that another completed and duly stamped bill of exchange * *] or promissory note is produced identical in every particular, except in the correction of such omission or error as aforesaid, with the spoiled bill * *] or note:

            (d)   the stamp used for an instrument executed by any party thereto which–

               (1)  has been afterwards found to be absolutely void in law from the beginning:

               (2)  has been afterwards found unfit, by reason of any error or mistake therein, for the purpose originally intended:

               (3)  by reason of the death of any person by whom it is necessary that it should be executed, without having executed the same, or of the refusal of any such person to execute the same, cannot be completed so as to effect the intended transaction in the form proposed:

               (4)  for want of the execution thereof by some material party, and his inability or refusal to sign the same, is in fact incomplete and insufficient for the purpose for which it was intended:

               (5)  by reason of the refusal of any person to act under the same, or to advance any money intended to be thereby secured, or by the refusal or non-acceptance of any office thereby granted, totally fails of the intended purpose:

               (6)  becomes useless in consequence of the transaction intended to be thereby effected being effected by some other instrument between the same parties and bearing a stamp of not less value:

               (7)  is deficient in value and the transaction intended to be thereby effected has been effected by some other instrument between the same parties and bearing a stamp of not less value:

               (8)  is inadvertently and undesignedly spoiled, and in lieu whereof another instrument made between the same parties and for the same purpose is executed and duly stamped:

      Provided that, in the case of an executed instrument, no legal proceeding has been commenced in which the instrument could or would have been given or offered in evidence and that the instrument is given up to be cancelled.

      Explanation– The certificate of the Collector under section 32 that the full duty with which an instrument is chargeable has been paid is an impressed stamp within the meaning of this section.

50.    Application for relief under section 49 when to be made.– The application for relief under section 49 shall be made within the following periods, that is to say,–

         (1)  in the cases mentioned in clause (d) (5), within two months of the date of the instrument:

         (2)  in the case of a stamped paper in which no instrument has been executed by any of the parties thereto, within six months after the stamp has been spoiled:

         (3)  in the case of a stamped paper in which an instrument has been executed by any of the parties thereto, within six months after the date of the instrument, or, if it is not dated, within six months after the execution thereof by the person by whom it was first or alone executed:

      Provided that,–

      (a)  when the spoiled instrument has been for sufficient reasons sent out of [Pakistan], the application may be made within six months after it has been received back in [Pakistan]:

      (b)  when, from unavoidable circumstances, any instrument for which another instrument has been substituted cannot be given up to be cancelled within the aforesaid period, the application may be made within six months after the date of execution of the substituted instrument.

51.    Allowance in case of printed forms no longer required by Corporations.– The [Chief Revenue Authority] [or the Collector if empowered by the [Chief Revenue Authority] in this behalf] may, without limit of time, make allowance for stamped papers used for printed form of instruments [by any banker or] by any incorporated company or other body corporate, if for any sufficient reason such forms have ceased to be required by the said [banker,] company or body corporate: provided that such authority is satisfied that the duty in respect of such stamped papers has been duly paid.

52.    Allowance for misused stamps.– (a) When any person has inadvertently used, for an instrument chargeable with duty, a stamp of a description other than that prescribed for such instrument by the rules made under this Act, or a stamp of greater value than was necessary, or has inadvertently used any stamp for an instrument not chargeable with any duty; or

      (b)  when any stamp used for an instrument has been inadvertently rendered useless under section 15, owing to such instrument having been written in contravention of the provisions of section 13;

      the Collector may, on application made within six months after the date of the instrument, or, if it is not dated, within six months after the execution thereof by the person by whom it was first or alone executed, and upon the instrument, if chargeable with duty, being re-stamped with the proper duty, cancel and allow as spoiled the stamp so misused or rendered useless.

53.    Allowance for spoiled or misused stamps how to be made.– In any case in which allowance is made for spoiled or misused stamps, the Collector may give in lieu thereof–

         (a)  other stamps of the same description and value; or,

         (b)  if required and he thinks fit, stamps of any other description to the same amount in value; or,

         (c)  at his discretion, the same value in money, deducting [ten per centum of the value].

54.    Allowance for stamps not required for use.– When any person is possessed of a stamp or stamps which have not been spoiled or rendered unfit or useless for the purpose intended, but for which he has no immediate use, the Collector shall repay to such person the value of such stamp or stamps in money, deducting[ten per centum of the value] upon such person delivering up the same to be cancelled, and proving to the Collector’s satisfaction–

         (a)  that such stamp or stamps were purchased by such person with a bona fide intention to use them; and

         (b)  that he has paid the full price thereof; and

         (c)  that they were so purchased within the period of six months next preceding the date on which they were so delivered:

      Provided that, where the person is a licensed vendor of stamps, the Collector may, if he thinks fit, make the repayment of the sum actually paid by the vendor without any such deduction as aforesaid.

55.    Allowance on renewal of certain debentures.– When any duly stamped debenture is renewed by the issue of a new debenture in the same terms, the Collector shall, upon application made within one month, repay to the person issuing such debenture, the value of the stamp on the original or on the new debenture, whichever shall be less:

      Provided that the original debenture is produced before the Collector and cancelled by him in such manner as the [Provincial Government] may direct.

        Explanation– A debenture shall be deemed to be renewed in the same terms within the meaning of this section notwithstanding the following changes:-

      (a)  the issue of two or more debentures in place of one original debenture, the total amount secured being the same;

      (b)  the issue of one debenture in place of two or more original debentures, the total amount secured being the same;