https://www.taxtmi.com/caselaws?id=101600 The Commission found that M/s. Vishal Exports Overseas Ltd. engaged in unauthorized operation of Advance Licences and abuse of concessions under the DEEC Scheme. The applicant settled duty liability under Section 127B of the Customs Act, admitting a liability of Rs. 45,28,000/-. The Commission allowed payment in installments and granted immunity from prosecution, fine, and penalty. The applicant disclosed full duty liability of Rs. 1,95,51,480/-, agreeing to pay the balance in installments. The Commission ordered payment of Rs. 91,92,480/- in six monthly installments and granted partial interest waiver. The applicant received immunity and settled the duty and interest as directed. en-us Mon, 29 Oct 2001 00:00:00 +0530 Fri, 10 Feb 2012 13:07:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101600 The Commission found that M/s. Vishal Exports Overseas Ltd. engaged in unauthorized operation of Advance Licences and abuse of concessions under the DEEC Scheme. The applicant settled duty liability under Section 127B of the Customs Act, admitting a liability of Rs. 45,28,000/-. The Commission allowed payment in installments and granted immunity from prosecution, fine, and penalty. The applicant disclosed full duty liability of Rs. 1,95,51,480/-, agreeing to pay the balance in installments. The Commission ordered payment of Rs. 91,92,480/- in six monthly installments and granted partial interest waiver. The applicant received immunity and settled the duty and interest as directed. Case-Laws Customs Mon, 29 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101600