Amendment status not verified — confirm the current text below against the official source.
Whoever, being the holder of a licence or permit granted or issued under this Regulation or being in the' employment of such holder and acting on his behalf,- _; .- ~ (a) fails to produce such licence or permit on demand by any Excise Officer or any other officer duly empowered to mhl(e such demand; or • . : ~.. . (b) wilfully does or omits to do an~i!lg in breachof any of the conditions of his licence or permit otherwise than provided in this Regulation; or (c) fails to submit returns; or (d) fails to print the maximum retail price on the label or tampers with it, shall be punishable,- (i) inthe case of an offence falling tinder clause: (a), with fine which may extend to fifty th~usand rupees; . . (il) i!1 the case of an offence falling under clause (b) or clause (d), with imprisonment for a term which may extend to six months and shall also be liable to fine which may extend to one lakh rupees; , (iiI) in the case ofan offence falling under clause (c), with fine which may extend . !o one lakh rupees, and ten thousand rupees per day-for any subsequent delay. 49 •. (1) If any person fails to pay any duty or fee under this Regulation, he shall be punishable' with imprisonment for a term which may extend to one year and also with fine which may extend to one lakh rupees. (2) Without prejudice to sub-section (1), that person shall also be liable for interest Ion delayed payment and damages at such rates as may be imposed. SO. Whosoever, in any declaration or affidavit or periodic return made to an Excise Officer makes any statement which is false or found to be false after due verification or whjch he believes to be false or does not believe it to be true, touching any point material to the object for which the statement is made or used, shall be punishable with imprisonment for a term which may extend to one year and shall also he liable to fine which may extend to fifty thousand rupees.