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Section 12: Special provision regarding fine
Notwithstanding anything contained in section 29 of the Code of Criminal Procedure, 1973 (2 of 1974), it shall be lawful for any Metropolitan Magistrate, or any Judicial Magistrate of the first class specially empowered by the State Government in this behalf, to pass a sentence of fine exceeding Rs. 5,000 on any person convicted of contravening any order made under section 3.
Source: official text of The Essential Commodities Act, 1955 as published on India Code. All sections of the Essential Commodities Act, 1955.