https://www.taxtmi.com/article/detailed?id=517 The regulations permit enterprises that are cartel members to seek a reduced monetary penalty by making the first full, true and vital disclosure; applicants must cease cartel participation, provide vital evidence and cooperate fully, and may forfeit relief or face full penalties if they fail to comply, give false evidence, or the disclosure is not vital. Priority status and extent of reduction depend on the timing and evidentiary value of the disclosure, with confidentiality protections for applicant identity and prescribed procedural steps for application and acknowledgement. en-us Tue, 06 Oct 2009 00:00:00 +0530 Thu, 10 Dec 2009 18:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=517 The regulations permit enterprises that are cartel members to seek a reduced monetary penalty by making the first full, true and vital disclosure; applicants must cease cartel participation, provide vital evidence and cooperate fully, and may forfeit relief or face full penalties if they fail to comply, give false evidence, or the disclosure is not vital. Priority status and extent of reduction depend on the timing and evidentiary value of the disclosure, with confidentiality protections for applicant identity and prescribed procedural steps for application and acknowledgement. Articles Other Topics Tue, 06 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=517