Section 6
Imposition of levy
of Windfall Profit Levy Act 1998
There shall be charged and levied a levy to be known as windfall profit levy on such amount as may be prescribed by the
Minister by order published in the Gazette which exceeds the amount of such gains as may be prescribed by the Minister in such order and derived from the production of the goods prescribed in such order.
(2)
An order made under subsection (1) may prescribe different amounts and rates for different types of goods.
(3)
A levy shall be paid by the producer of the prescribed goods and shall be paid into the Fund.
(4)
Any person who fails to pay any levy imposed under this section commits an offence and shall on conviction be liable to a fine not exceeding ten times the amount of levy due or to imprisonment for a term not exceeding three years or to both.
(5)
The prosecution of any person under this section shall not relieve such person from liability for the payment of any levy for which he is or may be liable or from liability to make any return which he is required by this Act to make.