Amendment status not verified — confirm the current text below against the official source.
(1) Subject to such conditions penalty that may be imposed under sec- as may be prescribed, any dealer to whom don 98B. a notice has been issued under sub- section (1) of section 98B, may, before the date fixed in such notice for hearing, at his option, compound the penalty proposed to be imposed, as mentioned in such notice, and the Commissioner may, at his discretion, accept from such dealer, by way of composition of penalty proposed to be imposed under sub-section (1) of that section, an amount equal to ten per centum of the value of goods claimed by the dealer to have been transferred by him otherwise than by way of sale in West Bengal in the statement furnished by him under section 98A. (2) On payment in full of the amount referred to in sub- section (1), the proceedings commenced against the dealer under sub-section (1) of section 98B shall not be proceeded with further."; 34 The West Bengal Finance Act, 2000. III of 2000.] (Section 9.) (17) after section 98A, the following section shall be inserted:— "Penalty for fur-