Stamp Act, 1899 — section 18

18. Instruments other than bills and notes executed out of Pakistan..—(1) Every instrument chargeable with duty executed only out of 2[Pakistan], and not being a bill of exchange, 3 * or promissory note, may be stamped within three months after it has been first received in 2 [Pakistan].

(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 l[provincial Government] may by rule prescribe, with a stamp of such value as the person so taking such instrument may require and pay for. 19. Bills and notes drawn out of Pakistan. The first holder in 2[Pakistan] of any bill of exchange, 4[payable otherwise than on demand] 3* or promissory note drawn or made out of 2 [Pakistan] shall, before he presents the same for acceptance or payment, or endorses, transfers or otherwise negotiates the same in 2[Pakistan], affix thereto the proper stamp and cancel the same: 1 Subs. by A.O., 1964, Art. 2 and Sch., for “Collecting Government” which had been subs. by A.O., 1937, for “G. G. in C.”. 2 Subs. by the Central Laws (Statute Reform) Ordinance, 1960 (Ordinance No. XXI of 1960), s. 3 and 2nd Sch. (with effect from the 14th October, 1955), for “the Provinces and the Capital of the Federation” which had been subs. by A.O., 1949, Arts. 3(2) and 4, for “British India”. 3 The word “cheque” rep. by the Indian Finance Act, 1927 (Act No. V of 1927), s.5. 4 Ins., ibid. Provided that,

(a)if, at the time any such bill of exchange, 1[*] or not comes into the hands of any holder thereof in 2[Pakistan], the proper adhesive stamp is affixed thereto and cancelled in manner prescribed by section 12 and such holder has no reason to believe that such stamp was affixed or cancelled otherwise than by the person and at the time required by this Act, such stamp shall far as relates to such holder, be deemed to have been duly affixed and cancelled.

(b)nothing contained in this proviso shall relieve any person from any penalty incurred by him for omitting to affix or cancel a stamp. D.-Of Valuations for Duty