Definitions of Interim Board and pending application clarify eligibility and treatment of settlement applications under the Customs Act. Inserts definitions into section 127A of the Customs Act: Interim Board refers to the Interim Board for Settlement constituted under section 31A of the Central Excise Act, 1944; pending application denotes an application filed under section 127B before the specified cut-off that has been allowed under section 127C and for which no order under sub section (5) of section 127C was issued on or before the specified cut-off.