https://www.taxtmi.com/caselaws?id=101509 The case involved under-valuation of imported goods by M/s. G.M.S. Technologies Ltd. The applicant admitted duty liability of Rs. 77,61,319 and agreed to pay the balance amount. The Settlement Commission granted immunity from penalty, fine, and prosecution in exchange for cooperation. The settlement terms included full payment of admitted duty liability and re-export of goods subject to customs regulations. The judgment emphasized the significance of disclosure and cooperation in customs duty disputes, with post-settlement matters like re-export governed by customs procedures. en-us Fri, 05 Apr 2002 00:00:00 +0530 Fri, 10 Feb 2012 10:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101509 The case involved under-valuation of imported goods by M/s. G.M.S. Technologies Ltd. The applicant admitted duty liability of Rs. 77,61,319 and agreed to pay the balance amount. The Settlement Commission granted immunity from penalty, fine, and prosecution in exchange for cooperation. The settlement terms included full payment of admitted duty liability and re-export of goods subject to customs regulations. The judgment emphasized the significance of disclosure and cooperation in customs duty disputes, with post-settlement matters like re-export governed by customs procedures. Case-Laws Customs Fri, 05 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101509