Composition of Offences

Composition of offences
The assessing authority may accept from any person who has committed or is reasonably suspected of having committed an offence under this Act by way of composition of such offence—
(a) where the offence consists of a failure to pay any tax recoverable under this Act, a sum of money not exceeding double the amount of tax in addition to the tax so recoverable;
(b) where the offence consists of an evasion of any tax recoverable under this Act, a sum of money not exceeding Rs. 500 or double the amount of tax recoverable, whichever is greater, in addition to the amount of the tax recoverable;
(bb) where the offence consists of import or transport or abetment to import or transport of any goods in contravention of the provisions of section 28A, a sum of money not less than the amount of tax involved under any of the provisions of this Act but not more than three times of the amount of such tax or forty per cent of the value of goods involved, whichever is higher;
(c) in other cases, a sum not exceeding five thousand rupees.
Explanation: For the purposes of this section the assessing authority includes an officer not below the rank of [Trade Tax Officer] posted at a checkpost.