(1) The promoter of an unauthorized colony, mentioned in sub-rule (3) or sub-rule (4) of rule 31, shall pay twenty-five per cent of the compounding fee to the competent authority within a period of thirty-days from the date of order for compounding an offence of developing such colony.
(2) The balance of seventy-five per cent amount may be paid in six annual equal instalments with ten per cent compound interest:
Provided that if such amount is paid within a period of one year from the date of the order of compounding such offence, then no interest shall be charged from the promoter.
(3) In case, the payment of balance amount is not made within the period, as stipulated in sub-rule (2), the promoter shall pay further interest at the rate of three per cent on the balance amount.
(4) In case, the balance of seventy-five per cent amount, referred to in sub-rule
(2), is paid within a period of thirty days from the date of order of compounding an offence by the competent authority, then the promoter shall be entitled to a rebate at the rate of ten per cent on such balance amount.