Penalty for non-collection and non-transfer of duty: fixed and proportional fines plus daily penalties for reporting failures. The amendment creates two offence categories: failure to collect or to transfer required duty, punishable by a fine with a specified minimum and a proportional cap related to the amount defaulted; and failure to submit mandated transaction details or submitting documents or declarations known or believed to be false, punishable by a daily continuing fine subject to an overall ceiling. The provision thus imposes fixed, continuing and proportionate monetary penalties to enforce duty collection, remittance and reporting obligations and deter false submissions.