Section 101 - Amendment of section 127B

Settlement Commission applications require pre-adjudication disclosure and payment of accepted duty with interest, subject to exclusions.

The amendment authorises importers, exporters or other persons to apply to the Settlement Commission pre-adjudication by making full disclosure of undisclosed customs duty liability, the manner it arose, the additional duty accepted and prescribed particulars; applications must be in prescribed form and are admissible only if the relevant bill of entry or shipping bill was filed and a show cause notice issued, the applicant accepts and pays the additional duty with interest, and the case is not pending before an appellate body; specified exclusions and a transitional payment requirement apply.