Section 10A

The Price Controller and the Deputy Price Controller may compound any offence against this Act, which is prescribed to be a compoundable offence, by accepting from the person reasonably suspected of having committed such offence a sum of money to be fixed by him not exceeding $1,000.

Upon payment made, the person reasonably suspected of having committed such offence, if in custody, shall be discharged, any property seized shall be released and no further proceedings shall be taken against such person or property in respect of such offence.