https://www.taxtmi.com/caselaws?id=430945 The Supreme Court partially allowed the appeal, accepting the appellant's proposal to compound the entire offence. The appellant was granted a reduction in the compounding amount and given four weeks to comply with the terms, including paying the penalty and fulfilling conditions under the Customs Act. The Court acknowledged the appellant's remorse, willingness to comply, and the confiscation of the foreign currency, finding it unnecessary to refer the matter back to the Commissioner of Customs. The order was modified based on the appellant's offer of payment, emphasizing the unique circumstances of the case. en-us Tue, 15 Nov 2022 00:00:00 +0530 Sat, 18 Feb 2023 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430945 The Supreme Court partially allowed the appeal, accepting the appellant's proposal to compound the entire offence. The appellant was granted a reduction in the compounding amount and given four weeks to comply with the terms, including paying the penalty and fulfilling conditions under the Customs Act. The Court acknowledged the appellant's remorse, willingness to comply, and the confiscation of the foreign currency, finding it unnecessary to refer the matter back to the Commissioner of Customs. The order was modified based on the appellant's offer of payment, emphasizing the unique circumstances of the case. Case-Laws Customs Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430945