TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Central Excise Rules 2005: Fines for Offences Under Section 9(1) Include Rs. 50,000 and Duty-Based Compounding.</h1> The Central Excise (Compounding of Offences) Rules, 2005, outlines the compounding amounts for various offences under the Act. Offences under section 9(1)(a) and 9(1)(c) incur a fine of Rs. 50,000 for the first offence, with a 100% increase for subsequent offences. Offences under sections 9(1)(b), 9(1)(bb), and 9(1)(bbbb) allow for compounding up to 50% of duty evasion or wrongly utilized CENVAT Credit, with a minimum of 10%. Section 9(1)(bbb) and 9(1)(d) offences allow for compounding up to 25% of duty evasion, with a minimum of 10%. If multiple offences occur with the same duty evasion, the higher compounding amount applies.
TaxTMI 
TaxTMI 
