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<h1>Customs Act Section 127B Offers Settlement Path for High-Value Import-Export Duty Disputes with Strict Procedural Guidelines</h1> Statutory provisions for settlement of customs cases under Section 127B of the Customs Act, 1962 allow importers, exporters, or other parties to apply for case settlement before adjudication. Applicants must file specific documentation, have a duty liability exceeding three lakh rupees, pay additional customs duty with interest, and meet certain conditions. The application cannot be withdrawn and is subject to restrictions, including limitations on cases pending in appellate forums or involving specific types of goods. Applications are permitted until a specified date and must follow prescribed procedural requirements.