Section 3

in the case of bets made on any totalisator or pari mutuel, within fifteen days after the last day of the race meeting at which such bets were made, or

in the case of a sweepstake, within seven days after the day on which the sweepstake was closed, and the Collector shall, if he has required the duty to be paid by means of adhesive stamps, cancel the stamps, or, if he has required the duty to be paid in lawful currency of Malaysia, issue a receipt for the amount paid.