Amendment status not verified — confirm the current text below against the official source.
Power of the Government to exempt or reduce fee levied or charged or assessed.- (1) The Government may, if in its opinion, it is necessary in the public interest so to do, by notification and subject to such restrictions and conditions and for such period as may be specified in the notification, exempt or reduce either prospectively or retrospectively, the fee payable under this Act for any Board or any Corporation or any organisation owned or controlled by the Central Government or the State Government. (2) The Government may, by notification cancel or vary any notification issued under sub-section (1). (3) Where any restriction or condition specified under sub-section (1) is contravened or is not observed by a person or a declaration furnished under sub-section(1) is found to be wrong then such person shall be liable to pay by way of penalty an amount equal to twice the difference between the fee payable at the rates specified by or under the Act and the fee paid at the rates specified under the notification on the consideration in respect of which such contravention or non- observance has taken place or a wrong declaration is furnished: Provided that, before taking action under sub-section (1), the person shall be given a reasonable opportunity of being heard.