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of <h1>Customs Rules 2005 Amended: Rule 5 Compounding Fees Reduced, New Prepayment Requirement Introduced, Quicker Application Processing.</h1> The circular outlines amendments to the Customs (Compounding of Offences) Rules, 2005, aimed at improving the scheme's effectiveness. The compounding amount under Rule 5 has been reduced, and a new provision requires applicants to pay duty, penalty, and interest before applying for compounding. Applications should be disposed of within three months, with a maximum limit of six months, even if delays occur. Compounding is not allowed in cases with contradictions or inconsistencies. The circular emphasizes publicizing the scheme to reduce court cases and informs all relevant parties of these changes, with previous guidelines remaining applicable.
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