First, add tomato paste, vinegar, and water to a saucepan, and keep stirring and mix it well.
Now add honey/maple syrup and molasses and mix it well, perfectly.
Add all the spices and liquid smoke (optional) to the paste.
Heat the sauce on a medium flame for 15-20 minutes, and stir continuously till it’s slightly thick.
Taste and adjust the sourness and sweetness, if there is anything wrong, add more honey/maple syrup as needed.
You can store this sauce for more than 2 weeks. But you have to store it in an airtight glass jar.