Penalty

Penalty

1. (1) If the assessing authority is satisfied that the importer has, without reasonable cause, failed to pay the tax within the time prescribed under section 5, the assessing authority may direct that the importer shall pay, by way of penalty, in addition to the tax and interest, a sum not exceeding twice the amount of tax due: Provided that no order shall be passed by the assessing authority under this sub-section without giving the importer a reasonable opportunity of being heard.
2. (2) The penalty imposed under sub-section
3. (1) shall be paid by the importer in addition to the tax and interest within such time as may be specified in the notice issued by the assessing authority.