Amendment status not verified — confirm the current text below against the official source.
(1) The person on whom development charge is assessed shall pay the amount within such date, not more than sixty days from the date fixed by the Commissioner, to a Treasury or the Reserve Bank of India and upon such payment the Commissioner shall grant a certificate to the effect that the development charge has been paid. (2) In the event of non-payment of the development charge within the due date, the Commissioner may, after giving an opportunity to the assessee of being heard, impose a penalty not exceeding one and a half times the development charge, and such penalty together with the development charge shall then be deposited in a Treasury or in the Reserve Bank of India within such date as may be fixed by the Commissioner.