Any person who,—
(a) being required under section 30 to give a receipt, refuses or neglects to give the same ; or
(b) with intent to defraud the 1[Government of the Union territory of Jammu and Kashmir] of any duty, upon a payment of money or delivery of property exceeding 2[five thousand rupees] in amount or value, gives a receipt for an amount or value not exceeding 2[five thousand rupees], or separates, or divides the money or property paid or delivered ;
shall be punishable with fine which may extend to 3[five times the amount of stamp duty or one thousand rupees, whichever is higher].
(a) being required under section 30 to give a receipt, refuses or neglects to give the same ; or
(b) with intent to defraud the 1[Government of the Union territory of Jammu and Kashmir] of any duty, upon a payment of money or delivery of property exceeding 2[five thousand rupees] in amount or value, gives a receipt for an amount or value not exceeding 2[five thousand rupees], or separates, or divides the money or property paid or delivered ;
shall be punishable with fine which may extend to 3[five times the amount of stamp duty or one thousand rupees, whichever is higher].
1. Substituted ibid for “Government”. 2. Substituted for “forty rupees” by Act XII of 2011, s. 41. Foe earlier amendment see Act III of 2006. 3. Substituted for “one thousand rupees” by Act III of 2006.