https://www.taxtmi.com/acts?id=21600 Compounding permits the Competent Authority to compound any offence under the Act, before or after prosecution, upon payment of a prescribed compounding amount and after payment of the tax, interest and penalty involved. Certain categories and offences are excluded from compounding, including those previously compounded or those overlapping with other central enactments. The compounding amount is rule prescribed within statutory minimum and maximum bounds. Compounding under this section does not affect proceedings under other laws, and payment of the compounding amount bars further proceedings under the Act and causes existing criminal proceedings in respect of that offence to abate. en-us Wed, 15 Jun 2016 15:07:46 +0530 Wed, 15 Jun 2016 15:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21600 Compounding permits the Competent Authority to compound any offence under the Act, before or after prosecution, upon payment of a prescribed compounding amount and after payment of the tax, interest and penalty involved. Certain categories and offences are excluded from compounding, including those previously compounded or those overlapping with other central enactments. The compounding amount is rule prescribed within statutory minimum and maximum bounds. Compounding under this section does not affect proceedings under other laws, and payment of the compounding amount bars further proceedings under the Act and causes existing criminal proceedings in respect of that offence to abate. Act-Rules Bills Wed, 15 Jun 2016 15:07:46 +0530 https://www.taxtmi.com/acts?id=21600