Section 123: Effect of revocation, etc., of licence

(1)
If any excise licence has been revoked or suspended or has expired and has not been renewed, then the person who held such licence shall -
(a)
forthwith cease to manufacture the description of goods referred to in the licence;
(b)
forthwith pay duty on any excisable goods manufactured under such licence on which duly has not been paid;
(c)
not dispose of any materials on the premises to which such licence relates except in accordance with such conditions as the Board may impose.
(2)
Any person who contravenes any of the provisions of this section or any conditions imposed thereunder shall be liable to a fine of one thousand naira, and any plant, equipment, excisable goods and materials in respect of which such offence has been committed shall be forfeited.
[1972 No. 10.]