Customs settlement procedure demands time-bound admission, enquiry, hearing, and settlement terms under the application framework. Procedure on receipt of an application under section 127B of the Customs Act, 1962 prescribes a time-bound framework for the Settlement Commission to ... Summary
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Customs settlement procedure demands time-bound admission, enquiry, hearing, and settlement terms under the application framework.
Procedure on receipt of an application under section 127B of the Customs Act, 1962 prescribes a time-bound framework for the Settlement Commission to consider whether the application should be allowed to proceed. The Commission must issue notice, consider the applicant's explanation, and either allow or reject the application within the prescribed time, failing which the application is deemed allowed. If admitted, the Commission calls for a report, may direct further enquiry, and then passes an order after hearing the applicant and the jurisdictional customs authority.
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