https://www.taxtmi.com/caselaws?id=107920 The Settlement Commission settled the case involving non-fulfillment of export obligations by the applicant, who was directed to pay customs duty and interest. The Commission granted immunity from prosecution and penalty under the Customs Act, ruling that the applicant was not liable to pay interest as per the relevant customs notification. The duty liability was settled at Rs. 6,11,73,881, with no further duty due, and the admissibility of Cenvat credit was subject to verification by the Commissioner (Customs). Any immunity granted was contingent on the applicant's compliance with conditions and truthful disclosure. en-us Mon, 01 Sep 2003 00:00:00 +0530 Tue, 27 Mar 2012 17:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107920 The Settlement Commission settled the case involving non-fulfillment of export obligations by the applicant, who was directed to pay customs duty and interest. The Commission granted immunity from prosecution and penalty under the Customs Act, ruling that the applicant was not liable to pay interest as per the relevant customs notification. The duty liability was settled at Rs. 6,11,73,881, with no further duty due, and the admissibility of Cenvat credit was subject to verification by the Commissioner (Customs). Any immunity granted was contingent on the applicant's compliance with conditions and truthful disclosure. Case-Laws Customs Mon, 01 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107920