https://www.taxtmi.com/caselaws?id=107441 The Settlement Commission found that the applicants misrepresented imported goods as intended for the Indian Navy but diverted them to the local market. They were not eligible for duty exemption under Section 90 of the Customs Act, 1962. The Commission settled the case with a duty liability of Rs. 93,88,432/-, interest, and a nominal penalty. Immunity from prosecution was granted as the applicants voluntarily settled the dispute, with a warning that the settlement would be void if obtained fraudulently. en-us Tue, 03 Dec 2002 00:00:00 +0530 Thu, 22 Mar 2012 14:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107441 The Settlement Commission found that the applicants misrepresented imported goods as intended for the Indian Navy but diverted them to the local market. They were not eligible for duty exemption under Section 90 of the Customs Act, 1962. The Commission settled the case with a duty liability of Rs. 93,88,432/-, interest, and a nominal penalty. Immunity from prosecution was granted as the applicants voluntarily settled the dispute, with a warning that the settlement would be void if obtained fraudulently. Case-Laws Customs Tue, 03 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107441