Penalties relating to seals and to unaccounted stocks

Penalties relating to seals and to unaccounted stocks.-

1. (1) Any person who removes, or in any way tampers with, a seal attached under the provisions of clause
   • (f) of sub-section
2. (1) of Section 52, and sub-section
3. (4) of Section 53, shall be liable on conviction by a Court, not inferior to that of a Magistrate of the First Class, to a fine of not less than five thousand rupees but not exceeding fifty thousand rupees and imprisonment for a period not less than fifteen days but not exceeding one year.
4. (2) Any person or dealer who is found to be in possession of unaccounted stocks of any taxable goods under the provisions of clause
   • (j) of sub-section
5. (1) of Section 52, after being given the opportunity of showing cause in writing against the imposition of a penalty, shall be liable to a penalty of five thousand rupees.
6. (3) The power to levy the penalty under sub-section
7. (2) shall be vested in the officer authorised under Section 52.