Amendment status not verified — confirm the current text below against the official source.
In tho principal Act,.in section 74, - (i) in sub-section (3). in clause (c), for the existing third proviso the following shall bo substituted, namely ;- ' "Provided also that on application of the dealer such authority may release such books o~ accounts, registers aild other documents before oxpiry of ninety days with prior approval fi'om the Commissioner if the amount involved in the Notice of Demand issued against such seizure by such authority does not exceed Rupees five Jakhs and with prior approval from the Government if the amount involved exceeds Rupees five lakhs."; (ii) in suMection (5), in clause (b), for the words "thirty days", appearing botweon the words "a notice to show cause within a period of' and "of service of such notice", the words "fifteen days•• shall be substituted. S. In. the principal Act, in section 79, in sub-section (I I), in clause (b), Explanation-I shall be omitted.