Sri Lanka Consolidated Acts

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Bank Debits Tax Act (No. 27 of 1970) - Sect 14

Punishment for noncompliance with provisions of this Act by a commercial bank

14. Where any commercial bank fails to comply with or contravenes any provisions of this Act, the manager or other chief executive officer of such bank shall be guilty of an offence and shall, on conviction after summary trial before a Magistrate, be liable to a fine not exceeding one thousand rupees or to imprisonment of either description for a term not exceeding six months or to both such fine and imprisonment.


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