https://www.taxtmi.com/notifications?id=2882 These rules authorise Chief Commissioners of Customs as compounding authorities to accept applications from importers, exporters or other persons for compounding offences under the Customs Act. Applications may be made before or after prosecution; the compounding authority must obtain a report from the reporting authority, may allow compounding by fixing a compounding amount and granting conditional immunity from prosecution or reject the application after hearing. The schedule prescribes base amounts and percentage-based caps for specified offences. Immunity is conditional and withdrawable for non-payment, concealment or false evidence. en-us Fri, 30 Dec 2005 00:00:00 +0530 Tue, 24 Feb 2009 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=2882 These rules authorise Chief Commissioners of Customs as compounding authorities to accept applications from importers, exporters or other persons for compounding offences under the Customs Act. Applications may be made before or after prosecution; the compounding authority must obtain a report from the reporting authority, may allow compounding by fixing a compounding amount and granting conditional immunity from prosecution or reject the application after hearing. The schedule prescribes base amounts and percentage-based caps for specified offences. Immunity is conditional and withdrawable for non-payment, concealment or false evidence. Notifications Customs Fri, 30 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=2882