Payment of tax

Payment of tax.

1. (1) The amount of tax due under the provisions of this Act shall be paid by the owner of the factory in such manner and within such time as may be prescribed: Provided that the owner of the factory shall pay the amount of tax in respect of the sugarcane purchased by him during any month in the prescribed manner and within the prescribed time of the succeeding month.
2. (2) If the tax is not paid by the owner of the factory within the time prescribed for its payment, the owner shall pay, by way of penalty, in addition to the amount of tax, a sum equal to two per cent of the amount of tax for every month or part thereof by which the payment of the tax is delayed.