Customs settlement procedure prescribes application form, fee, duty deposit, disclosure requirements, and provisional attachment safeguards. Customs settlement procedure under section 127B requires applications in Form SC(C)-1, filed in quintuplicate with the prescribed fee, along with deposit of the accepted additional customs duty and interest through the authorised bank. The rules specify who may sign the application, require supporting bills of entry or shipping bills and related documents, provide for disclosure to the Settlement Commission and the Commissioner, and lay down the manner of provisional attachment of property. A fee is also prescribed for copies of reports under section 127G.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs settlement procedure under section 127B requires applications in Form SC(C)-1, filed in quintuplicate with the prescribed fee, along with deposit of the accepted additional customs duty and interest through the authorised bank. The rules specify who may sign the application, require supporting bills of entry or shipping bills and related documents, provide for disclosure to the Settlement Commission and the Commissioner, and lay down the manner of provisional attachment of property. A fee is also prescribed for copies of reports under section 127G.
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