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56.
Penalty for failure to maintain records.
Any
VAT dealer or TOT dealer who fails to maintain proper records in accordance with
the provisions of the Act, is liable to pay a penalty at the rate of Rs.5,000/-
(Rupees five thousand only) for each subsequent offence committed after a
warning is issued in writing for the first offence, without prejudice to the
payment of tax, penalty and interest if any due under the provisions of the Act:
Provided
that before imposing such penalty the authority shall give the dealer a
reasonable opportunity of being heard.
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