If any instrument
chargeable with duty and not duly stamped, not being an instrument
chargeable with a duty of 1[one rupee] only or a bill of exchange or promissory note, 2[or acknowledgement], is produced by any person of
his own motion before the Collector within one year from the date of its
execution or first execution, and such person brings to the notice of the
Collector the fact that such instrument is not only duly stamped and
offers to pay to the Collector the amount of the proper duty, or the amount
required to make up the same, and the Collector is satisfied that the
omission to duly stamp such instrument has been occasioned by accident,
mistake or urgent necessity, he may, instead of proceeding under sections
33 and 40, receive such amount and proceed as next hereinafter
prescribed.
1. Substituted by Act III of 2000. 2. Inserted by Act II of 1956.