https://www.taxtmi.com/caselaws?id=107853 The settlement application concerning the failure to fulfill export obligations under advance licenses was resolved by the Settlement Commission. The applicant was found not liable to pay interest under the Customs Act and was granted immunities from confiscation, fines, penalties, and prosecution under Section 127H, provided they were not obtained fraudulently. Duty liability was fixed, with no further duty due as the amount was already paid. The Commission acknowledged the applicant's cooperation and willingness to comply with the law, leading to the favorable outcome. en-us Wed, 28 May 2003 00:00:00 +0530 Tue, 27 Mar 2012 12:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107853 The settlement application concerning the failure to fulfill export obligations under advance licenses was resolved by the Settlement Commission. The applicant was found not liable to pay interest under the Customs Act and was granted immunities from confiscation, fines, penalties, and prosecution under Section 127H, provided they were not obtained fraudulently. Duty liability was fixed, with no further duty due as the amount was already paid. The Commission acknowledged the applicant's cooperation and willingness to comply with the law, leading to the favorable outcome. Case-Laws Customs Wed, 28 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107853