https://www.taxtmi.com/caselaws?id=107592 The Settlement Commission allowed M/s. Expo India's application under Section 127B of the Customs Act, 1962, due to failure to fulfill export obligations against an advance license. The Commission directed payment of Rs. 21,87,719/- within 30 days, acknowledging a duty liability of Rs. 43,81,387/-. The relevant duty rate for assessment under Notification 26/95 was interpreted as nil duty assessment. The Commission denied the request for installment payment due to lack of evidence of financial hardship but directed adjustment of the bank guarantee and deposited amount of Rs. 8,00,000/- towards the admitted liability. en-us Tue, 17 Jun 2003 00:00:00 +0530 Fri, 23 Mar 2012 15:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107592 The Settlement Commission allowed M/s. Expo India's application under Section 127B of the Customs Act, 1962, due to failure to fulfill export obligations against an advance license. The Commission directed payment of Rs. 21,87,719/- within 30 days, acknowledging a duty liability of Rs. 43,81,387/-. The relevant duty rate for assessment under Notification 26/95 was interpreted as nil duty assessment. The Commission denied the request for installment payment due to lack of evidence of financial hardship but directed adjustment of the bank guarantee and deposited amount of Rs. 8,00,000/- towards the admitted liability. Case-Laws Customs Tue, 17 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107592