7.—(1) Where the annual value of the premises of an approved tourist project is to be assessed for any year, the owner of those premises shall furnish to the Chief Assessor by the end of April of that year a statement certified by a person qualified for registration as an accountant under the Accountants Act (Cap. 2A) and showing for the preceding year the gross receipts of those premises.
(2) An owner who fails to furnish the statement referred to in sub-paragraph (1) without reasonable excuse shall be guilty of an offence.