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<h1>Settlement of customs liability: pre adjudication applications allowed if disclosure, payment, and procedural conditions are satisfied.</h1> Section 127B permits importers, exporters or other persons to apply to the Settlement Commission for pre-adjudication settlement by disclosing undisclosed duty liability, the manner of its occurrence, the additional customs duty accepted as payable and particulars of short-levied goods. Applications must follow prescribed form and fees, cannot be withdrawn, require that a relevant import/export document and show cause notice exist, and that the applicant has paid the accepted additional duty with interest and exceeds the statutory threshold. Certain matters and offences are excluded, and new applications are barred on or after April 1, 2025 while pending matters are to be handled by the Interim Board.