Amendments to the Central Excise (Compounding of Offences) Rules, 2005

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....No.42/2007-C.E.(N.T) dated 27.12.2007, wherein amendments have been carried out in the Central Excise (Compounding of Offences) Rules, 2005. 2. Rule 5 of the said Rules has been amended to revise the compounding amount prescribed under the rules. Further, a proviso has been inserted in this rule, which provides that if a person has, in respect of same goods, committed offences falling under more....

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....mount is higher than or equal to those prescribed for other two offences. Therefore, the compounding amount for all the said offences shall be determined under the said category of one offence [under section 9(1) (b)] only. b) A person takes or utilizes CENVAT credit wrongly and also furnishes false information. He, therefore, commits offence specified under sub-sections (1)(bbbb) and (1)(c) of ....

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....s the goods involved and duty evasion amount are different for these offences. 3. Further, in rule 4, a new provision has been added, whereby it has been provided that an applicant should pay duty, penalty, and interest before submission of application for compounding. Correspondingly, the Application Form has also been amended. 4. In view of reduction of compounding amount, the assessees may ....