Insertion of new sections 54A and 54B.

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....r sub-section (1) shall be imposed by the authority who had issued the summons or called for the information. (3) No order under sub-section (2) shall be passed by the authority unless the person on whom the penalty is to be imposed has been given an opportunity of being heard: Provided that no penalty shall be imposed if, such person proves that there were good and sufficient reasons which prevented him from complying with the summons or furnishing information. Proof of entries in records or documents. 54B. The entries in the records or other documents in the custody of an authority shall be admitted in evidence in any proceedings for the prosecution of any person for an offence under section 3 or this Chapter, as t....

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....he notice, he may, with the previous approval of the Approving Authority, by order in writing, attach provisionally the property in the manner as may be prescribed, for a period not exceeding ninety days from the date of issue of notice under sub-section (1) and Initiating Officer shall pass an order within a period of ninety days from the date of issue of notice under sub-section (1). It is proposed to amend sub-section (3) of the said section so as to provide that instead of attaching the property for a period of ninety days from the date of notice, the said property may be attached for a period of ninety days from the last day of the month in which notice was issued. It is further proposed to amend sub-section (4) of the said secti....

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....n shall pay a penalty of twenty-five thousand rupees for each failure to comply with summons under sub-section (1) of section 19; or to furnish information which he was required to furnish under section 21. Sub-section (2) of the said section provides for the authority who shall impose penalty. Sub-section (3) of the said section provides that no penalty shall be imposed without affording an opportunity of being heard to the person in respect of whom penalty is sought to be imposed. The proviso to the said sub-section provides that no penalty shall be imposed if such person proves that there were good and sufficient reasons for the contravention. The proposed new section 54B provides that the entries in the records or other docu....