(a) The Commissioner may impose a penalty not exceeding rupees five hundred on a dealer or a person, as the case may be, committing a breach of any of the provisions of these rules.

(b) The Commissioner may impose a penalty not exceeding rupees five thousand on a dealer, formed a company, registered under the Companies Act, 1956, as the case may be, committing a breach of sub-rule (5) and sub-rule (10) of rule 8 and clause (a) and (b) of sub-rule (2) of rule 20.