https://www.taxtmi.com/caselaws?id=101575 The applicant was found to have misdeclared goods in export consignments and admitted to the misdeclaration initially but later retracted. Indian currency was seized from the export consignments and the applicant's premises, with discrepancies in ownership claims. Duty liabilities on imported Titanium Dioxide were settled, with the applicant agreeing to pay the calculated amounts. The Settlement Commission ordered payment of the balance duty within 30 days, imposed interest, and granted immunity from fines and penalties. The applicant was also granted immunity from prosecution but the seized Indian currency was excluded from the settlement decision. Bond release was contingent on duty payment compliance, with the settlement order subject to voidance in case of fraud. en-us Fri, 26 Apr 2002 00:00:00 +0530 Fri, 10 Feb 2012 12:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101575 The applicant was found to have misdeclared goods in export consignments and admitted to the misdeclaration initially but later retracted. Indian currency was seized from the export consignments and the applicant's premises, with discrepancies in ownership claims. Duty liabilities on imported Titanium Dioxide were settled, with the applicant agreeing to pay the calculated amounts. The Settlement Commission ordered payment of the balance duty within 30 days, imposed interest, and granted immunity from fines and penalties. The applicant was also granted immunity from prosecution but the seized Indian currency was excluded from the settlement decision. Bond release was contingent on duty payment compliance, with the settlement order subject to voidance in case of fraud. Case-Laws Customs Fri, 26 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101575