https://www.taxtmi.com/caselaws?id=100518 The Commission admitted the application under Section 127C(1) of the Customs Act, 1962, allowing it to proceed. It emphasized that sub-section (2) of Section 127B is an exception for cases involving search and seizure, providing 180 days for the Department to complete its investigation. The applicant's disclosure was deemed proper and adequate, meeting the Act's requirements. The Commission rejected the Revenue's reliance on a previous decision, highlighting the need to interpret the Act comprehensively and uphold legislative intent. The Revenue was directed to appropriate the admitted duty liability from the deposited amount and continue investigating if necessary. en-us Mon, 26 Nov 2001 00:00:00 +0530 Thu, 02 Feb 2012 15:08:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100518 The Commission admitted the application under Section 127C(1) of the Customs Act, 1962, allowing it to proceed. It emphasized that sub-section (2) of Section 127B is an exception for cases involving search and seizure, providing 180 days for the Department to complete its investigation. The applicant's disclosure was deemed proper and adequate, meeting the Act's requirements. The Commission rejected the Revenue's reliance on a previous decision, highlighting the need to interpret the Act comprehensively and uphold legislative intent. The Revenue was directed to appropriate the admitted duty liability from the deposited amount and continue investigating if necessary. Case-Laws Customs Mon, 26 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100518