33199

(a) Any merchant who, in violation of the provisions of § 32242 of this title, unduly claims, including, among others, a violation of § 32244 of this title a credit for paid value-added tax, shall have such credit eliminated. Such merchant shall be responsible for the payment of the tax deficiency resulting from the elimination of the unduly claimed credit, plus interest and surcharges and a penalty equal to twenty-five percent (25%) of the tax deficiency.(b) For purposes of this subsection, the term 'deficiency' shall mean the amount by which the amount of the tax that should have been deposited exceeds the amount, if any, of the tax that was deposited on the due date set therefor. History —Jan. 31, 2011, No. 1, added as § 6046.09 on Sept. 30, 2015, No. 159, § 33.