Heart shaped stamps would have me think the Indian state of Jhind. Albeit, those have an "R" in the design Other than that, no idea, unless a poor forgery.
I've found a copy on ebay,apparently its 1900, 12an although the copy shown is mint, I'm unable to post a link to it, thanks for another solved mystery.
It should be noted that it is a Jhind revenue stamp circa 1900.And yes ,it should be pointed down.The seller is asking way way to much for it;looks like a reprint.
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