.....interest at the rate of twelve per cent per annum on such deficient amount, would be payable by the person liable to pay the duty from the date of registration of the instrument relating to such property to the date of payment of deficient amount of the duty ; Provided that a person shall also be liable to pay penal interest at the rate of three per cent per annum, if there was an intentional omission or lapse on his part in not setting forth the correct market value of such property.". Amendment of section 48 of Central Act 2 of 1899. 3. In the principal Act, in section 48, for the words "All duties, penalties and other sums", the words "All duties, penalties, interest, penal interest and other sums" shall be substituted. Punjab State Acts
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