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FinMin makes unauthorised publication of export-import data compoundable offence

25 Aug 2022

The Finance Ministry has made the unauthorized publication of import-export data a compoundable offense, wherein an offender can avoid prosecution by paying Rs 1 lakh compounding amount. The Budget 2022-23 inserted Section 135AA in the Customs Act that made unauthorized publishing of information, like value or quantity, relating to export or import a penal offense, inviting a jail term of up to 6 months or a fine of Rs 50,000.

The Central Board of Indirect Taxes and Customs (CBIC) on August 22 notified the amendments to the Customs (Compounding of Offences) Amendment Rules, 2022, by including offenses under Section 135AA of the Customs Act.

As per the amendment, the compounding charges to be paid by the offender would be "Rs one lakh for the first offense, to be increased by 100 percent of this amount for each subsequent offense".

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