https://www.taxtmi.com/caselaws?id=75488 The court upheld the rejection of the settlement application under Section 127B of the Customs Act, 1962, as the duty liabilities in each of the three show cause notices were below Rs. 3 lakhs, failing to meet the statutory threshold. The court emphasized the requirement for duty liabilities exceeding Rs. 3 lakhs per notice for a settlement application to be considered. Consequently, the court dismissed the writ petition, stating that compliance with the statutory requirements was essential and upheld the rejection of the settlement application. en-us Tue, 14 Jul 2009 00:00:00 +0530 Sun, 18 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75488 The court upheld the rejection of the settlement application under Section 127B of the Customs Act, 1962, as the duty liabilities in each of the three show cause notices were below Rs. 3 lakhs, failing to meet the statutory threshold. The court emphasized the requirement for duty liabilities exceeding Rs. 3 lakhs per notice for a settlement application to be considered. Consequently, the court dismissed the writ petition, stating that compliance with the statutory requirements was essential and upheld the rejection of the settlement application. Case-Laws Customs Tue, 14 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75488