Amendment status not verified — confirm the current text below against the official source.
Every licensing officer shall grant and deliver to every person who Giant ut license pays to him the first instalment of tax due, a license in which shall be specified the particulars of the tax paid, with any other particulars that may be prescribed. The hcense shall be dated on the day of granting the same and shall expire on the 3 l st day of March, next follow mg. 1[7-A.(J) The licensing officer, for the proper realisation of tax levied Owner tu f11m,sh under ihis Act, shall after giving an opporturuty ofbeing heard, require any owner security of the transport vehicle to deposit as security an amount not exceeding fifty thousand rupees m the prescribedmanner where such an owner makes a default in the payment of tax under this Act for a conuouous penod of two months or more. (2) Where the security furnished by an owner of a transport vehicle under sub-secuon (I) is in the form of a surety bond and the surety becomes insolvent or ts otherwise iucapac1tatedor dies or withdraws, such owner shall wilhm fifieen clays of the occurrence of any of the aforesaid events. inform the licensing officer and shall within thirty days of such occurrence, furnish a fresh surely bond (3) 1111::licensing officer may, by an order in writing for goodand sufficient cause and alter giving the owner a reasonable opportunityof being heard, forfeit the whole or any part of the security furnished by such owner for realising any amount of tax, interest or penalty payable by him under tlus Act. (4) Where by reason of an order under sub-section (3), the sccuruy furnished by such owner ts rendered msulficient, he shall make up the deficiency in such manner and withm such tune as may be prescribed. (5) The licensing officer may, on an applicauon by such owner release the security furnished by him or any part thereof, if the same is no longer required to be retamed for the purposes of this Act 7-B. (/) A:n owner of a transport vehicle may be required to maintam such accounts as may be prescribed and to submit the same to the licensing officer as and when required. (2) If the licensing officer is satisfied that tax has not been correctly paid or the owner bas not furmshed declaration as provided m sub-section (1) of section 4-A or has given inaccurate particularsin the declaratton, he shall. after grving the owner a reasonable opportumty of being heard, proceed to determine the amount of tax due and recover the same. no ace. , 10 I ?- (2) The hceos;,,g omccr, may, al any time, w1lhlll one year from the dale of any order passed by him and subject lo such conditions as m<1Y be preso<1bed rectify any clerical or orilhmeticalerror apparent from ihe record.] ? and after g,vingthe owner a reasonableopportumlyin lhe p,escnbedmanner of being heard, proceedto re-deterrrnne the tax payable. (b) fails to step the motor vehicle when requiredto do so by the said officer or obstructs any officer Ul the exercise of the powers conferred by section 14-B, shn\\ on conv1cuon be punishablE: with floe, wtuch may extend lo a sum equal lo twice the average monthly Lax payable,in respect of such vehicle, or rupees five Lbousanc\,whlchever ,s more. (a) keeps in his possessionor control any motor vehic\e, in the State, without having paid the amount of tax due in accordance with the prov1s1onsof this Act m respect of such vehicle or keeps the motor vemc\e for use without having proper licence or furnishes a declaration under section 4 or section 4-A. wherein the particularsrequuedby or under this Act to be furnished, are not fully and tntely st.ated ; or 1{8.(1) Whoever- /JJ If a person (al fails to furmsh a declarauon in accordance with the proV1sionsof this Act, or (b) fu,rushes a declarauon wherein particulars prescribed 10 be tbetei,., are not fully and uuly stated, the hcens,ng officer may after malung such enquiry, as he deerns 61 and afte, heating the person, if he desim 10 be beard, onposc on such person any tax or odd1nnnaltax for sucb quarterlyperiodor periods,as the hcens;ng officer may [Ind that such person IS bable to pay under uie p,r,v,s1onsof this Act and n,ay also impose a penalty, which may c<1end to twice th• aJOount of the tax to which he ,s found hable. y t. lnset1cJ by l'unjab /\cl 22 of I 993. section R. (2) Whenever, the \itcnsing officer determines or re-determines the tax. in respect of a transport veh,cle under section 7-B or in respect of on o\\,1cr of mo1or-vc\11cl• under section 7-C a; the case may be, which such owner w"as ltable to pay, and has not paid, the hi.:ensing officer, may, after giving an opportunityof being heard, nlso direct that such owner shall pay IJ\ the p,escnbed manner by way of penalty,a sum not esceeding five times the amoun1 of IWl so assessed subject to a minimum of five thousand rupees. Offences and Penalties \I • \ . 11 P:iymenl of 1ntcrc:.s1 Recovery of on .il'TC3r of tax. Recovery of .ex OT :idd1tiOt1al 13!\ ,mposedunder section 8 or cect\on 9 Compoundingof offences I Subst11u1edfor the word •·co\lcclor''bY Pu11Jt1b ;\cl 22 01 I 993, ?i:c11on