Section 3
SEC. 3. The same Act is amended by inserting a new section which shall read as follows: "SEC. 2-A. Any such foundation or corporation fraudulently taking advantage of the provisions of this Act to avoid the payment of taxes and duties due on any importation, or violating any rule or regulation promulgated pursuant to the provisions of this Act shall be punished by a fine equivalent to ten times the amount of all taxes and duties due on the importation but in no case shall it be less than ten thousand pesos. In addition thereto, the said foundation or corporation shall be denied the benefits herein granted."