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Compounding amount - Under Customs Act, 1962 - Compounding of Offences under Indirect Tax Laws - Central Excise

Compounding amount - Under Customs Act, 1962
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Compounding amount - Under Customs Act, 1962

Under the compounding rules framed by Central Government, the compounding amounts have been fixed considering the gravity of offence.

The compounding amounts fixed are as under:-

TABLE

Sl.No.

Offence Under Customs Act, 1962

Compounding amount

(1)

(2)

(3)

1.

Offence specified under Section 132 of the Act

Fifty thousand rupees for the first offence and to be increased by hundred per cent. of this amount for each subsequent offence.

2.

Offence specified under Section 133 of the Act

Fifty thousand rupees for the first offence and to be increased by hundred per cent. of this amount for each subsequent offence.

3.

Offence specified under Section 134 of the Act

Fifty thousand rupees for the first offence and to be increased by hundred per cent. of this amount for each subsequent offence.

4.

Offence specified under Section 135 (1) (a) of the Act

Upto ten per cent. of the amount of market value of the goods, subject to a minimum of one lakh rupees

5.

Offence specified under Section 135 (1) (b) of the Act

Upto five per cent. of the amount of market value of the goods, subject to a minimum of one lakh rupees.

6.

Offence specified under Section 135(1) (c) of the Act

Upto ten per cent. of the amount of market value of the goods, subject to a minimum of one lakh rupees.

7.

Offence specified under Section 135(1) (d) of the Act

Upto ten per cent. of the amount of market value of the goods, subject to a minimum of one lakh rupees.

8.

Offence specified under Section 135A of the Act

Upto five per cent. of the amount of market value of the goods, subject to a minimum of one lakh rupees.

 
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