Compounding of offences

Where any person is accused of any offence under section 15, it shall be lawful for him to pay to the prescribed officer, by way of composition for such offence, a sum of money not exceeding such amount as may be prescribed, together with the amount of tax, if any, which may be due for him. Such composition shall have the effect of any acquittal and no further proceeding shall be taken against such person in respect of such offence.