Section 23C: To Purchase Goods Under-Invoiced

1) Notwithstanding anything contained in the prevailing laws, if any person under invoices and sells any goods, showing the selling price lower than the market price, the tax officer may withhold the remaining goods of similar nature in stock which were under-invoiced and sold and purchase, or cause to be purchased, them at the selling price made under-invoiced.

2) If, in the course of purchasing, or causing to be purchased, the goods by the tax officer pursuant to sub-section (1), such person does not agree to sell the goods, the tax officer may take possession of such goods, calculate the same on the basis of the selling price which was under-invoiced and make payment when such person comes to get payment.

3) The goods purchased, or caused to be purchased, under sub-section (1) or (2) may be sold, or caused to be sold, at such price and in accordance with such process as specified by the Director General.