https://www.taxtmi.com/article/detailed?id=503 The Act permits administrative settlement of compoundable customs offences by application to the Chief Commissioner, who obtains a report from the reporting authority, may fix a prescribed compounding amount and conditions, and may grant conditional immunity from prosecution where the applicant cooperates and fully discloses facts; immunity is effective only on timely payment and compliance and may be withdrawn for nonpayment, noncompliance, concealment or false evidence, after which criminal provisions apply as if no immunity had been granted. en-us Fri, 25 Sep 2009 00:00:00 +0530 Fri, 25 Sep 2009 16:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=503 The Act permits administrative settlement of compoundable customs offences by application to the Chief Commissioner, who obtains a report from the reporting authority, may fix a prescribed compounding amount and conditions, and may grant conditional immunity from prosecution where the applicant cooperates and fully discloses facts; immunity is effective only on timely payment and compliance and may be withdrawn for nonpayment, noncompliance, concealment or false evidence, after which criminal provisions apply as if no immunity had been granted. Articles Customs - Import - Export - SEZ Fri, 25 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=503