(1) After collecting or confiscating the revenue from the person committing the offense of revenue leakage, such person shall be fined 100% of the amount and shall be imprisoned as follows according to the amount of the offence:-
(a) Imprisonment for one month to six months on fine up to one crore rupees,
(b) From one crore rupees: up to five crore rupees for six months to one year,
(c) Imprisonment for a term of one year to three years in the case of five crore rupees to ten thousand rupees,
(d) Ten crores of rupees and above: Imprisonment for three years to five years regardless of fault.
(2) For the purposes of sub-section (1), in the event that the goods and services required to be repaired have been sold or are not found, an amount equal to the damage of such goods and services will be charged.
(3) The punishment for the crime of revenue leakage as mentioned in this Act shall be half of the punishment for the main accused.
(4) The amount of revenue to be paid according to sub-section (1) shall also include interest as mentioned in the prevailing law related to revenue.
(5) If any firm, company or organized organization or body commits any act which is deemed to be an offense in accordance with this Act, the shareholders involved in such act in the case of such firm or body, and in the case of company or organized body, the officer acting as the principal of the company or such organization shall be deemed to have committed such offence. However, if it is proved that such work has been done before the appointment of the officer who will do the main work, then the person who has done such work will be considered guilty. Explanation: For the purposes of this section, "principal officer" means the chairman, member of the board of directors, general manager or an official working in the same capacity of a company or an organized organization.