(a) Any person required to file the declaration of imports, the monthly tax return on imports, the monthly value-added tax return or annual small business information return in accordance with § 32232 of this title that fails to file such required declarations or returns in the form, manner and on the date established therein, shall be imposed a penalty of one hundred dollars ($100) or ten percent (10%) of the tax liability established in such return or declaration, whichever amount is greater.(b) Any person required to file the declaration of imports, the monthly tax return on imports, the monthly value-added tax return or annual small business information return electronically that fails to file such return by such means shall be deemed to have failed to file such return or declaration; therefore, he/she shall be subject to the penalties provided in this subsection (a) of this section.(c) For purposes of this section, the term 'tax liability' means the amount of taxes to be paid together with such tax return, without reduction by virtue of any payment or deposit made or remitted to the Secretary.(d) The Secretary may exempt from the penalty established herein when it is shown

ogether with such tax return, without reduction by virtue of any payment or deposit made or remitted to the Secretary.(d) The Secretary may exempt from the penalty established herein when it is shown that such omission or error is due to a reasonable cause. History —Jan. 31, 2011, No. 1, added as § 6046.06 on Sept. 30, 2015, No. 159, § 33.