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of <h1>Tax Immunity Granted: Full Disclosure Ensures Penalty Relief with Strict Compliance Requirements Under Specified Conditions</h1> The statutory provision outlines the Settlement Commission's authority to grant immunity from prosecution and penalties in central excise cases. The commission can provide immunity if an applicant fully discloses duty liability and cooperates in proceedings. Immunity can be withdrawn if the person fails to pay specified amounts, does not comply with conditions, conceals material information, or provides false evidence. From April 2025, the Interim Board will exercise these powers. The provision aims to facilitate voluntary disclosure and settlement of tax-related disputes while maintaining accountability.
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