(a) Penalty for filing an incorrect account statement and debit and credit memos.— Any merchant who, in violation of the provisions of § 32222 of this title, unduly adjusts the account statement and debit and credit memos in relation to the value-added tax in accordance with said section, shall be subject to a penalty equal to twenty-five percent (25%) of the unduly adjusted amount.(b) Penalty for failing to furnish an account statement and debit and credit notes.— Any merchant who fails to furnish to a merchant-buyer an account statement or a debit or credit memo in accordance with the provisions of § 32222 of this title, shall be penalized by a fine equal to one thousand dollars ($1,000) for every document that he/she fails to furnish. The Secretary may exempt from the penalty established herein, if it is shown that such omission or error is due to a reasonable cause. History —Jan. 31, 2011, No. 1, added as § 6046.08 on Sept. 30, 2015, No. 159, § 33.