law: Expenditure-Tax Act, 1987 
  15. Penalty for failure to collect or
  
  pay expenditure-tax 
  
  Any person responsible for collecting expenditure-tax
  
  in accordance with the provisions of sub-section (1) or sub-section (2) of
  
  section 7, who- 
  (a) fails to collect such tax; or
  (b) having collected the tax, fails to pay
  
  such tax to the credit of the Central Government in accordance with the
  
  provisions of sub-section (3) of that section, shall pay,- 
  (i) in the case
  
  referred to in clause (a), in addition to paying tax in accordance with the
  
  provisions of sub-section (4) of that section, by way of penalty, a sum equal
  
  to the amount of tax that he failed to collect; and
  (ii) in the case
  
  referred to in clause (b), in addition to paying interest in accordance with
  
  the provisions of section 14, byway of penalty, a sum which shall not be less
  
  than one hundred rupees but which may extend to two hundred rupees for every
  
  day during which the failure continues, so, however, that the penalty under
  
  this clause shall not exceed the amount of tax that he failed to pay.]