S.L. 406.11 Art. 7Administrative penalty and interest.

Where a refund has been obtained in a fraudulent or any other irregular manner, as outlined in regulation 6, an administrative penalty equivalent to twenty per cent of the amount unduly received shall become due, together with interest at the rate of one per cent per month or part thereof, which interest shall start to run from the date of payment of the amount unduly received to the date when such amount together with the administrative penalty and interest is paid back to the Commissioner:

Provided that the amount of such administrative penalty and interest taken together shall not exceed the amount obtained in a fraudulent or any other irregular manner.