When an application is made for payment under Chapter V of the Act of an allowance in respect of a stamp which has been spoiled or misused or for which the applicant has no immediate use and an order is passed by the Collector sanctioning the allowances or calling for further evidence in support of the application, then, if the amount of allowance or the stamp given in lieu thereof is not taken or if the further evidence required is not furnished as the case may be, by the applicant within one year of the date of such order, the application shall be struck off, and the spoiled or misused stamp, if any, sent for destruction to the Superintendent of Stamps or other officer appointed by Government in this behalf.