Immunity from prosecution applies only to applicants who file and fully disclose; others remain subject to prosecution. Immunity from prosecution is granted only to a person who applies for compounding and makes full and true disclosure; other persons in the same case who do not apply remain subject to departmental proceedings. The compounding authority may prescribe the compounding amount as ten lakhs or any amount up to twenty percent of the market value of the goods, with the higher threshold prevailing, and must take into account the gravity of the offence and the degree of the applicant's involvement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Immunity from prosecution applies only to applicants who file and fully disclose; others remain subject to prosecution.
Immunity from prosecution is granted only to a person who applies for compounding and makes full and true disclosure; other persons in the same case who do not apply remain subject to departmental proceedings. The compounding authority may prescribe the compounding amount as ten lakhs or any amount up to twenty percent of the market value of the goods, with the higher threshold prevailing, and must take into account the gravity of the offence and the degree of the applicant's involvement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
