Amendment status not verified — confirm the current text below against the official source.
(1) Subject to such conditions as may be prescribed, any dealer to whom a notice has been issued under sub-section (1) of section 106, 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, as 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, and amount equal to ten per centum of the value of goods claimed by the dealer to have transferred by him otherwise than by way of sale in West Bengal in the statement furnished by him under section 105. (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 106 shall not be proceeded with further. 56 THE KOLKATA GAZETTE, EXTRAORDINARY, DECEMBER 27, 2004 [PART III The West Bengal Value Added Tax Act, 2003. (Chapter XV—Miscellaneous.—Sections 97-99.) CHAPTER XV Miscellaneous Indemnity of Government servant. Returns etc. to be confidential. Clearance certificate.