TMI Blog2007 (2) TMI 10X X X X Extracts X X X X X X X X Extracts X X X X ..... e lakh whichever is higher is accepted - Special Leave Petition (C) No. 21435 of 2006, - - - Dated:- 2-2-2007 - [Judgment per : Arijit Pasayat, J.]. - Though we are not granting leave, in view of re-iteration of plea taken in this special leave petition in several cases, the petition is being disposed of by a detailed order. 2.Challenge is to the order passed by a Division Bench of the Del ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... compounding amount as fixed by the Compounding Authority was beyond the permissible limit. It is submitted that market value of the goods which had not been declared was Rs. 8,45,176/- and therefore it should have been 20% of the said market value. 6.It is stated that since the purpose of compounding is to prevent unnecessary litigation, if the interpretation given by the High Court that the qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so far as relevant reads as follow: Fixation of the Compounding Amount. — For the purpose of compounding of offences under the various provisions of the Act, the compounding amount shall be as provided herein below:- (1) -(3) xxx xxx (4) Offence specified under Section 135(1)(a) of the Act. Upto twenty percent of market value of the goods or Rupees ten l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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