https://www.taxtmi.com/acts?id=47139 Traveller liability: a person intending foreign travel who holds taxable foreign exchange and has not paid the travel tax is liable, in addition to the tax, to a penalty up to twice the tax. Dealer liability: authorised dealers and money changers who fail to collect or who collect but fail to remit the tax are likewise liable to a penalty up to twice the tax involved. The specified authority may waive such penalties in writing, and otherwise penalties are adjudged, collected and paid to the Central Government as provided by Chapter rules. en-us Tue, 07 Jan 2025 13:24:46 +0530 Tue, 07 Jan 2025 13:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47139 Traveller liability: a person intending foreign travel who holds taxable foreign exchange and has not paid the travel tax is liable, in addition to the tax, to a penalty up to twice the tax. Dealer liability: authorised dealers and money changers who fail to collect or who collect but fail to remit the tax are likewise liable to a penalty up to twice the tax involved. The specified authority may waive such penalties in writing, and otherwise penalties are adjudged, collected and paid to the Central Government as provided by Chapter rules. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 13:24:46 +0530 https://www.taxtmi.com/acts?id=47139