Provided that the licence so cancelled may be restored if the stockist to whom the licence was granted pays the arrear luxury tax, penalty and interest and furnishes a receipted challan therefor.

Returns & payment of luxury tax

1. (1) Every licensed stockist shall furnish returns of turnover of stock of luxuries in such manner, for such period or periods, and by such date or dates, as may be prescribed.
2. (2) Before any licensed stockist furnishes the returns under sub-section
3. (1) he shall, in the prescribed manner, pay into a Government Treasury the full amount of luxury tax due from him under this Act according to such returns, and shall furnish along with each such return a receipt from such Treasury showing the payment of such amount.