(1) There shall be a fine of five hundred thousands rupees to a  bank or financial institution and from twenty five thousands to one hundred
thousands Rupees to a non-financial institution as per the degree of offence for the act of not submitting documents to the Financial Information Unit pursuant to
Section 7 and Clause (a) of Section 10.
(2) The Financial Information Unit shall punish pursuant to Sub-Section (1) and person not satisfied with the punishment may appeal to the Appellate Court
within thirty five days of such punishment.