https://www.taxtmi.com/caselaws?id=1225 The Court dismissed the petition challenging the compounding amount imposed under the Customs Act, 1962, stating that the compounding amount should be up to 20% of the market value of the goods or Rs. 10,00,000, whichever is higher. The petitioner's argument that the phrase "whichever is higher" applies to both values was rejected as it would render the phrase redundant. The Court emphasized the aim of compounding offences to prevent litigation and encourage early dispute resolution, leading to the dismissal of the petition for lacking merit. en-us Fri, 02 Feb 2007 00:00:00 +0530 Mon, 09 Jan 2017 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1225 The Court dismissed the petition challenging the compounding amount imposed under the Customs Act, 1962, stating that the compounding amount should be up to 20% of the market value of the goods or Rs. 10,00,000, whichever is higher. The petitioner's argument that the phrase "whichever is higher" applies to both values was rejected as it would render the phrase redundant. The Court emphasized the aim of compounding offences to prevent litigation and encourage early dispute resolution, leading to the dismissal of the petition for lacking merit. Case-Laws Customs Fri, 02 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1225