https://www.taxtmi.com/caselaws?id=248183 The Court quashed the Chief Commissioner's order rejecting the compounding application under Section 137 of the Customs Act. The Court found the rejection erroneous as there was no minimum penalty for the offense, the petitioner admitted ownership, and subsequent statements confirmed ownership. The Court emphasized the importance of disclosure and the compounding authority's duty to conduct a thorough inquiry, directing acceptance of the compounding application within four weeks. en-us Wed, 28 May 2014 00:00:00 +0530 Sat, 22 Nov 2014 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248183 The Court quashed the Chief Commissioner's order rejecting the compounding application under Section 137 of the Customs Act. The Court found the rejection erroneous as there was no minimum penalty for the offense, the petitioner admitted ownership, and subsequent statements confirmed ownership. The Court emphasized the importance of disclosure and the compounding authority's duty to conduct a thorough inquiry, directing acceptance of the compounding application within four weeks. Case-Laws Customs Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248183