Law · Uttar Pradesh Excise Act
Under Sections 72 and 73 of the United Provinces Excise Act, 1910 (as applicable in Uttar Pradesh), what option may the Collector give to the owner of a conveyance liable to confiscation if the offence was committed without the owner's knowledge?
- 1Payment of a mandatory fine of ₹1,00,000
- 2Payment of the market value of the vehicle or animal✓
- 3Payment of a composition fee up to ₹50,000
- 4Payment of ten times the excise duty avoided
Correct answer
Payment of the market value of the vehicle or animal
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