https://www.taxtmi.com/circulars?id=7722 Guidelines establish the operative framework for compounding under the Customs Act, 1962 after amendment to Section 137(3), specifying exclusions from compounding, reinforcing the disclosure requirement (applications with contradictions, inconsistencies or incompleteness are not entertainable), mandating factual verification and payment of duty, penalty and interest before filing, limiting immunity to the applicant who fully discloses, applying a higher compounding amount where multiple offences on the same goods have equal evasion metrics, and directing early offer of compounding while preserving the Chief Commissioner's discretion. en-us Thu, 15 Oct 2009 00:00:00 +0530 Thu, 15 Oct 2009 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7722 Guidelines establish the operative framework for compounding under the Customs Act, 1962 after amendment to Section 137(3), specifying exclusions from compounding, reinforcing the disclosure requirement (applications with contradictions, inconsistencies or incompleteness are not entertainable), mandating factual verification and payment of duty, penalty and interest before filing, limiting immunity to the applicant who fully discloses, applying a higher compounding amount where multiple offences on the same goods have equal evasion metrics, and directing early offer of compounding while preserving the Chief Commissioner's discretion. Circulars Customs Thu, 15 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7722