15. The following new action is hereby inserted immediately after section 12 of the principal enactment and shall have effect as section 12A of that enactment:
| 12A.
| | (1) Notwithstanding anything in this Act where any excise duty is in default the defaulter shall, in addition to such duty in default, pay as a penalty
| | | (a) a sum equivalent to ten per centum of the amount in default; and |
| (b) where any amount in default is not paid before the end of the month succeeding the month in which this duty is due, a further sum equivalent to two per centum of the amount in default in respect of each period ending on the last day of each succeeding month or part of such period during which it is in default: |
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| | (2) Where upon the final determination of an appeal under section 10 any duty in default to which any sum or sums under subsection (1) has or have been added is reduced then such sum or sums shall be calculated on the duty as so reduced.. | | |
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Sri Lanka Consolidated Acts