Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Petitioner's admission of duty liability in communication dated June 19, 2019 qualified as "quantified" under SVLDRS, making them eligible for the scheme. HC quashed impugned orders rejecting petitioner's application and issued show cause notice. "Quantified" under the scheme means written communication of duty payable including admitted liability during investigation or audit. Matter remanded to Designated Committee to consider petitioner's declaration afresh as valid under "investigation, enquiry and audit" category and grant consequential relief. Petition allowed by way of remand.
Petitioner's admission of duty liability in communication dated June 19, 2019 qualified as "quantified" under SVLDRS, making them eligible for the scheme. HC quashed impugned orders rejecting petitioner's application and issued show cause notice. "Quantified" under the scheme means written communication of duty payable including admitted liability during investigation or audit. Matter remanded to Designated Committee to consider petitioner's declaration afresh as valid under "investigation, enquiry and audit" category and grant consequential relief. Petition allowed by way of remand.
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