Section 137(3) of Customs Act: Encouraging Early Dispute Settlement by Compounding Offenses, Following 2009 Guidelines to Reduce Litigation.

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Full Text of the Document

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....Compounding of offences - Section 137(3) of the Customs Act, 1962 - prevent litigation and encouraged earlier settlement of dispute - The Application for compounding of offences can be rejected only on the grounds mentioned in the guidelines issued by Circular dated 2009 and not otherwise.....