TMI BlogCompounding amount - Under Customs Act, 1962X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 amo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 35 (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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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