(1) The authority prescribed may accept , from any dealer or transporter who has committed an offence under the Act by way of composition of such offence:-

a). where the offence consists of the evasion of tax, in addition to such tax, a sum of money equal to the amount of tax subject to a minimum of Rs. 3000/-(Rupees Three thousand only).

(aa) in the case of transporters, who have committed an offence under section 59. a sum not exceeding Rs. 1,00,000/- (Rupees one lakh only).

b). in other cases a sum of money not exceeding Rs. 3,000/-(Rupees Three thousand only).

(2) Any order passed or proceeding recorded by the authority prescribed under sub-section (1) shall be final and no appeal or application for revision shall lie therefrom.