https://www.taxtmi.com/caselaws?id=108985 A settlement application under the Customs Act was tested against the requirement of full and true disclosure. The applicants initially misstated the admitted duty liability, but after scrutiny they amended the application and disclosed the liability consistently with the show cause notice. The Commission accepted the amended disclosure as complete and true, found that the statutory conditions for invoking settlement jurisdiction were satisfied, and allowed the application to proceed as maintainable under the Act. en-us Fri, 09 May 2003 00:00:00 +0530 Thu, 05 Apr 2012 12:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108985 A settlement application under the Customs Act was tested against the requirement of full and true disclosure. The applicants initially misstated the admitted duty liability, but after scrutiny they amended the application and disclosed the liability consistently with the show cause notice. The Commission accepted the amended disclosure as complete and true, found that the statutory conditions for invoking settlement jurisdiction were satisfied, and allowed the application to proceed as maintainable under the Act. Case-Laws Customs Fri, 09 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108985