Consequence of failure to pay tax

Consequence of failure to pay tax.

1. (1) If any owner of a factory fails to pay the tax under section 3 within the time prescribed for the purpose, he shall be liable to pay, in addition to the tax, a penalty at the rate of two per cent of the amount of tax for each month or part thereof for the period for which the tax remains unpaid.
2. (2) The amount of tax and the penalty shall be recoverable as an arrear of land revenue.