5-A

(1) If any licensee or other person who is liable to pay duty and additional duty (The word “additional duty” Subs. by Bihar Act 8, 2001 in place of “surcharge”) under the Act fails to furnish returns within the prescribed time the prescribed authority shall after giving such licensee or other person an opportunity of being heard impose a penalty not exceeding Rs. 50 (Rupees fifty) for every day of default after the due date. (2) If any licensee or other person liable to pay duty and or additional duty fails to make payment of the duty and or additional duty under sections 3, 3-A and 4 within the due date the prescribed authority shall after allowing such licensee or other person an opportunity of being heard impose a penalty which may extend to five percentum, but not less than two and half percentum of the amount of duty and additional duty for each of the first three months or part there of following the due date and to ten percentum, but not less than five percentum for each subsequent month or part thereof.”(The words “surcharge” has been replaced by the word “additional duty” by Bihar Act 8, 2001)