30D. Compounding of Penalty that may be imposed under section 30C 

(1)        Subject to such conditions as may be prescribed, any dealer to whom a notice has been issued proposing imposition of penalty under sub-section (1) of section 30C, may, before the date fixed in such notice for hearing, at his option, compound the penalty proposed to be imposed, as mentioned in such notice, and the Commissioner may, at his discretion, accept from such dealer, by way of composition of penalty proposed to be imposed under sub-section (1) of that section, an amount equal to ten per centum of the value of goods claimed by the dealer to have transferred by him otherwise than by way of sale in West Bengal in the statement furnished by him under section 30B.

(2)        On payment in full of the amount referred to in sub-section (1), the proceedings commenced against the dealer under sub-section (1) of section 30C shall not be proceeded with further.

(3)        If a registered dealer fails to submit statements, accounts or declarations referred to in sub-section (1), he shall be liable to pay a penalty not exceeding twenty-five thousand rupees for each time of default, in the manner as may be prescribed.