https://www.taxtmi.com/caselaws?id=108225 The settlement mechanism under customs and central excise law was applied to an admitted differential duty liability where the applicant accepted the show cause notice demand and debited the amount in the CENVAT account. Full cooperation and a full and true disclosure of the duty liability were treated as sufficient for settlement. On that basis, the Commission settled the duty at the admitted amount and granted immunity from interest, fine, penalty, and prosecution, reflecting the operative relief available when statutory settlement conditions are satisfied. en-us Wed, 10 Jul 2002 00:00:00 +0530 Fri, 30 Mar 2012 15:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108225 The settlement mechanism under customs and central excise law was applied to an admitted differential duty liability where the applicant accepted the show cause notice demand and debited the amount in the CENVAT account. Full cooperation and a full and true disclosure of the duty liability were treated as sufficient for settlement. On that basis, the Commission settled the duty at the admitted amount and granted immunity from interest, fine, penalty, and prosecution, reflecting the operative relief available when statutory settlement conditions are satisfied. Case-Laws Central Excise Wed, 10 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108225