https://www.taxtmi.com/caselaws?id=96031 The Settlement Commission allowed the applicant's application for settlement of a case involving mis-declaration of goods at Bangalore International Airport, despite objections from the Revenue regarding non-filing of a Bill of Entry. The Commission emphasized the importance of full disclosure of duty liability and accepted the determined value offered by the applicant. The Commission invoked its exclusive jurisdiction under Section 127F of the Customs Act, 1962, to handle the case and directed the adjustment of the admitted amount from the sale proceeds of the goods, in line with the purpose of providing a chance for tax-evaders to rectify their actions. en-us Tue, 12 Jun 2001 00:00:00 +0530 Fri, 16 Dec 2011 17:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96031 The Settlement Commission allowed the applicant's application for settlement of a case involving mis-declaration of goods at Bangalore International Airport, despite objections from the Revenue regarding non-filing of a Bill of Entry. The Commission emphasized the importance of full disclosure of duty liability and accepted the determined value offered by the applicant. The Commission invoked its exclusive jurisdiction under Section 127F of the Customs Act, 1962, to handle the case and directed the adjustment of the admitted amount from the sale proceeds of the goods, in line with the purpose of providing a chance for tax-evaders to rectify their actions. Case-Laws Customs Tue, 12 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96031