https://www.taxtmi.com/caselaws?id=101807 The Commission settled the duty liability at Rs. 2,71,34,660/-, with the Applicant required to pay the balance amount in installments and interest at 18% per annum. The Applicant was granted immunity from prosecution and penalty under the Customs Act, 1962, but not under the Foreign Trade (D & R) Act, 1992. The settlement would be void if obtained by fraud or misrepresentation, and immunity would be withdrawn if the Applicant failed to comply with the conditions. en-us Fri, 03 May 2002 00:00:00 +0530 Sat, 11 Feb 2012 11:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101807 The Commission settled the duty liability at Rs. 2,71,34,660/-, with the Applicant required to pay the balance amount in installments and interest at 18% per annum. The Applicant was granted immunity from prosecution and penalty under the Customs Act, 1962, but not under the Foreign Trade (D & R) Act, 1992. The settlement would be void if obtained by fraud or misrepresentation, and immunity would be withdrawn if the Applicant failed to comply with the conditions. Case-Laws Customs Fri, 03 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101807