https://www.taxtmi.com/caselaws?id=109162 Settled duty liability was confined to the amount already paid because the applicant had admitted the duty demand and discharged it before the notice, leaving no further duty payable in settlement. Interest on Modvat credit was held not leviable because the statutory provisions applied only where credit was wrongly taken and disallowed on culpable grounds such as fraud, wilful misstatement, suppression, or intent to evade duty, which were not established on the record. Immunity from penalty and prosecution was granted because the applicant made full disclosure, paid the duty, and cooperated in settlement, and the prosecution guideline monetary threshold was not crossed. en-us Fri, 28 Jun 2002 00:00:00 +0530 Fri, 06 Apr 2012 12:53:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109162 Settled duty liability was confined to the amount already paid because the applicant had admitted the duty demand and discharged it before the notice, leaving no further duty payable in settlement. Interest on Modvat credit was held not leviable because the statutory provisions applied only where credit was wrongly taken and disallowed on culpable grounds such as fraud, wilful misstatement, suppression, or intent to evade duty, which were not established on the record. Immunity from penalty and prosecution was granted because the applicant made full disclosure, paid the duty, and cooperated in settlement, and the prosecution guideline monetary threshold was not crossed. Case-Laws Central Excise Fri, 28 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109162