https://www.taxtmi.com/notifications?id=14294 The Customs (Compounding of Offences) Amendment Rules, 2008 revise the compounding framework by making prior payment of duty, penalty and interest a mandatory condition for filing a compounding application. They also substitute the rule on fixation of the compounding amount by prescribing offence-wise amounts for specified customs offences, including fixed amounts for certain offences and market-value-linked amounts with minimum thresholds for others. Where multiple offences relate to the same goods on the same valuation basis, the higher prescribed compounding amount applies. The application form is amended to require particulars of such prior payment. en-us Wed, 12 Nov 2008 00:00:00 +0530 Mon, 13 Jul 2026 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=14294 The Customs (Compounding of Offences) Amendment Rules, 2008 revise the compounding framework by making prior payment of duty, penalty and interest a mandatory condition for filing a compounding application. They also substitute the rule on fixation of the compounding amount by prescribing offence-wise amounts for specified customs offences, including fixed amounts for certain offences and market-value-linked amounts with minimum thresholds for others. Where multiple offences relate to the same goods on the same valuation basis, the higher prescribed compounding amount applies. The application form is amended to require particulars of such prior payment. Notifications Customs Wed, 12 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=14294