56[Penalty for failure to keep and maintain information
and document in respect of international transaction.
271AA. Without prejudice to
the provisions of section 271, if any person fails
to keep and maintain any such information and document as required by
sub-section (1) or sub-section (2) of section 92D,
the Assessing Officer or Commissioner (Appeals) may direct that such person
shall pay, by way of penalty, a sum equal to two per cent of the value of each
international transaction entered into by such person.]