Power to impose penalty in certain cases.

127. Power to impose penalty in certain cases. - Where the proper officer is of the view that a person is liable to a penalty and the same is not covered under any proceedings under section 62 or section 63 or section 64 or section 73 or section 74 1[or section 74A ]1 or section 129 or section 130, he may issue an order levying such penalty after giving a reasonable opportunity of being heard to such person.