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of <h1>Finance Act 2004 amends Customs Act: New clause inserted in Section 156, detailing compounding payments under Section 137.</h1> Section 156 of the Customs Act has been amended by the Finance (No. 2) Act, 2004. In sub-section (2), a new clause (h) is inserted, specifying the amount to be paid for compounding under sub-section (3) of section 137. This amendment pertains to indirect taxes and is part of the statutory provisions aimed at clarifying the financial obligations related to customs law.
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