https://www.taxtmi.com/circulars?id=5432 Amendments revise the compounding amount downward and provide that where multiple offences relate to the same goods with identical duty evasion, drawback, exemption or market value, the higher prescribed compounding amount applies. Applicants must pay duty, penalty and interest before applying; the application form is amended to ensure such payment. Applications are to be disposed of normally within three months, with one month stages for report, hearing and disposal and an overall six month limit. Compounding is barred where contradictions, inconsistencies or incompleteness exist, and publicity of reduced amounts and written compounding offers are required. en-us Tue, 02 Dec 2008 00:00:00 +0530 Wed, 03 Dec 2008 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5432 Amendments revise the compounding amount downward and provide that where multiple offences relate to the same goods with identical duty evasion, drawback, exemption or market value, the higher prescribed compounding amount applies. Applicants must pay duty, penalty and interest before applying; the application form is amended to ensure such payment. Applications are to be disposed of normally within three months, with one month stages for report, hearing and disposal and an overall six month limit. Compounding is barred where contradictions, inconsistencies or incompleteness exist, and publicity of reduced amounts and written compounding offers are required. Circulars Customs Tue, 02 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5432