A memorandum of appeal against an order of assessment under sections 40, 42, 42A, 43, 44, 45 and 49 with or without penalty and a memorandum of appeal against penalty imposed under sub-sections (2) and (3) of section 34 or sub-section (1) of section 52 shall be in FormVAT-501, which shall be signed by the dealer or his agent, verified in the manner specified in the form and may be submitted in person in the office of the appellate authority or sent by registered post:

Provided that no memorandum of appeal shall be entertained unless it is accompanied by fee as specified in rule 125, proof of payment of admitted tax in full and ten per centum of the amount of the tax or interest or both in dispute.