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 1[fifteen paise] for each rupee
or portion of a rupee, 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 bonafide 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.
(a) that such stamp or stamps were purchased by such person with a bonafide 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.
1. Substituted for “two annas” by Act VI of 1958.