Power to borrow

The Board may, with the previous approval of the Government and subject to such conditions as may be prescribed, borrow money from time to time for carrying out the purposes of this Act from the Government or from any financial institution. (1) The officer or authority to whom or to which the return has been furnished under section 6 shall, after such scrutiny and such inquiry as may be necessary, make an assessment of the amount of cess payable by the employer. (2) If a person carrying on the building or other construction work, liable to pay the cess under section 3, fails to furnish any return under section 6, then, the officer or authority shall issue a notice requiring him to furnish such return before such date as may be specified in the notice. (3) If any person fails to furnish the return within the date specified in the notice under sub-section (2), the officer or authority shall pass an order assessing the amount of cess payable by such person at such amount, as it thinks fit, on the basis of the cost of construction incurred by the employer. (4) The order made under sub-section (1) or sub-section (3) shall be served on the employer concerned in the manner as may be prescribed.