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TMI BlogRules to amend Customs (Compounding of Offences) Rules, 2005X X X X Extracts X X X X X X X X Extracts X X X X ..... (Department of Revenue) Notification No.118/ 2008-Customs (N.T.) New Delhi, the 12th November, 2008 G.S.R. 786 (E).- In exercise of the powers conferred by clause (h) of sub-section (2) of section 156, read with sub-section (3) of section 137, of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules to amend Customs (Compounding of Offences) Rule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct, the compounding amount shall be as provided in the following Table: Provided that if a person has, in respect of same goods, committed offences falling under more than one category specified below and where amount of duty evasion, or, amount of drawback or exemption from duty, provided under the Act in connection with export goods; or amount of market value of the goods is same for all su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndred 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 minimu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /67/2003-Cus.IV (Pt)] (Aseem Kumar) Under Secretary to the Government of India Note: The principal notification No.114/2005-Customs (N.T.), dated the 30 th December, 2005, was published in the Gazette of India, Extraordinary, Part II, Section 3, sub- section (i), vide number G.S.R. 755 (E), dated the 30 th December, 2005. (incorporating correction by corrigenda dated 18.11.2008) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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