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(2) In every other case, the person so impounding an instrument shall send it in original to the Collector."
"47A. Under-valuation of the instrument - (1) (a) If the market value of any property which is the subject of any instrument, on which duty is chargeable on the market value of the property as set forth in such instrument, is less than even the minimum value determined in accordance with the rules made under this Act, the registering officer appointed under the Registration Act, 1908 shall, notwithstanding anything contained in the said Act, immediately after presentation of such instrument and before accepting it for registration and taking any action under Section 52 of the said Act require the person liable to pay stamp duty under Section 29, to pay the deficit stamp duty as computed on the basis of the minimum value determined in accordance with the said rules and return the instrument for presenting again in accordance with Section 23 of the Registration Act, 1908.
(3) The Collector may, suo motu, or on a reference from any court or from the Commissioner of Stamps or an Additional Commissioner of Stamps or a Deputy Commissioner of Stamps or an Assistant Commissioner of Stamps or any officer authorized by the State Government in that behalf, within four years from the date of registration of any instrument on which duty is chargeable on the market value of the property not already referred to him under sub-section (1) call for and examine the instrument for the purpose of satisfying himself as to the correctness of the market value of the property which is the subject for of such instrument, and the duty payable thereon and if after such examination he has reason to believe that market value of such property has not been truly set forth in such instrument, he may determine the market value of such property and the duty payable thereon :
(4) If on enquiry under sub-section (2) and examination under sub-section (3) the Collector finds the market value of the property :
(i) truly set forth and the instrument duly Stamped, he shall certify by endorsement that it is duly stamped and return it to the person who made the reference ;
(ii) not truly set forth and the instrument not duly stamped, he shall require the payment of proper duty or the amount required to make up the deficiency in the same, together with a penalty of an amount not exceeding four times the amount of the proper duty or the deficient portion thereof.

26. With regard to aforesaid submission, it is evident that Section 33(2) of the Act stipulates that in order to ascertain adequate stamp duty having been paid, it is the date when the said instrument was executed or first executed, which would be relevant. Similarly, Section 47A(1)(a) prescribes that duty chargeable on the market value of a property is to be set forth in accordance with the rules made under the Act with Section 47A(4-A) also stipulating simple interest imposeable upon deficiency from the date of execution of the instrument, which is also in consonance with Section 40 of the Act of 1899. There does not appear to be any provision under the Act of 1899 where valuation or deficiency of stamp duty thereupon is required to be calculated from the date of presentation or impounding of the document.