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40. Adjustment of any payment
Any payment made by a dealer or person in respect of any period towards any amount due as per the order passed under this Act shall first be adjusted except in so far as the recovery of the said amount or part thereof is stayed under sub-section (6)of section 26, against the interest payable by him on the date of payment in respect of the said period and thereafter towards the amounts due as a penalty, sum forfeited and fine. Any amount remaining unadjusted shall then be adjusted towards the tax payable in respect of that period.
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