https://www.taxtmi.com/caselaws?id=76612 The court set aside the Settlement Commission's order directing the petitioner to deposit Rs. 3,12,75,928, finding that the Commission erroneously interpreted the petitioner's admission of liability. The court substituted the amount with Rs. 42,92,771, which the petitioner was directed to deposit within 30 days. Failure to comply would result in the Commission rejecting the settlement application, allowing the Revenue to take further action. The court ruled in favor of the petitioner, directing compliance with the adjusted deposit amount and further proceedings by the Settlement Commission. en-us Wed, 06 Jan 2010 00:00:00 +0530 Fri, 09 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76612 The court set aside the Settlement Commission's order directing the petitioner to deposit Rs. 3,12,75,928, finding that the Commission erroneously interpreted the petitioner's admission of liability. The court substituted the amount with Rs. 42,92,771, which the petitioner was directed to deposit within 30 days. Failure to comply would result in the Commission rejecting the settlement application, allowing the Revenue to take further action. The court ruled in favor of the petitioner, directing compliance with the adjusted deposit amount and further proceedings by the Settlement Commission. Case-Laws Central Excise Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76612