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<h1>False Statements Under Finance Bill 2013 Can Lead to Three-Year Imprisonment and Fine; Non-Cognizable Offense</h1> Clause 121 of the Finance Bill, 2013, under the Commodities Transaction Tax, stipulates that any individual who knowingly makes a false statement or delivers a false account in any verification under the relevant chapter or rules may face imprisonment for up to three years and a fine. Additionally, such an offense is classified as non-cognizable under the Code of Criminal Procedure, 1973, meaning it does not warrant arrest without a warrant and is subject to specific procedural requirements.