The CBIC vide Circular No. 15/2022-Customs dated August 23, 2022 regarding the simplification of the procedure for compounding offenses under the Customs Act, 1962 (“the Customs Act”).
Reference is invited to Circular No. 54/2005-Customs dated December 30, 2005 on guidelines for compounding of offenses under Customs Act read with para 12 of the Circular 27/2015-Customs dated October 23, 2015. The Central Government has brought further changes in the Customs (Compounding of Offenses) Rules, 2005 vide Notification No.69/2022 Customs (N.T.) dated August 22, 2022.
Source a2ztaxcorp
