Notwithstanding anything contained in this Act, the interest accrued under sub-sections (5) and (6) of section 31 of this Act, on tax due or accrued under sub-section (2) of section 8 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956) and penalty under section 67 and section 68 of this Act, imposed on non-payment or short payment of tax due or assessed under sub-section (2) of section 8 of the said Act on the inter-state sale of arecanut shall be waived subject to the following conditions:

(a) the dealers who have received assessment orders before 30th April, 2018 shall file their option for waiver before the assessing authority on or before 31st May, 2018;

(b) dealers who receives assessment orders after 30th April, 2018 shall file the option within a month from the date on which the assessment orders are received on or before 30th September, 2019, whichever is earlier:

Provided that the Commissioner may, for sufficient reasons extent the date for filing of option;

(c) such dealers shall pay the entire tax assessed in lumpsum or in 36 equal monthly instalments, starting on the date on which the assessing authority intimates the tax amount to be paid under the option;

(d) cases relating to the above assessment pending in all Courts and Appellate or Revisional forums shall be withdrawn by the dealer;

(e) penalties and interest already remitted before 20th March, 2018 will not be readjusted towards tax liability.