https://www.taxtmi.com/caselaws?id=108999 A settlement application under the excise scheme requires full and true disclosure of the undisclosed duty liability and a clear explanation of how the additional duty is derived; a vague application that disputes manufacture while seeking conditional payment does not meet that standard. Filing of statutory returns is also a mandatory condition for maintainability, and private records cannot replace that requirement. Where these statutory prerequisites are not satisfied, the application is not entertainable under the settlement mechanism. en-us Wed, 04 Jun 2003 00:00:00 +0530 Thu, 05 Apr 2012 13:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108999 A settlement application under the excise scheme requires full and true disclosure of the undisclosed duty liability and a clear explanation of how the additional duty is derived; a vague application that disputes manufacture while seeking conditional payment does not meet that standard. Filing of statutory returns is also a mandatory condition for maintainability, and private records cannot replace that requirement. Where these statutory prerequisites are not satisfied, the application is not entertainable under the settlement mechanism. Case-Laws Central Excise Wed, 04 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108999