https://www.taxtmi.com/caselaws?id=109767 The case involved duty liability on unutilized and missing imported goods, with discrepancies amounting to a proposed duty demand of Rs. 2,53,57,559.60. The applicants settled the case by admitting a total duty liability of Rs. 2,56,99,711/-, already paid, and were granted immunity from penalty, fine, and prosecution under the Customs Act, 1962. The main applicant was required to pay 10% simple interest on the admitted duty, with immunity for interest exceeding 10%. Cooperation and full disclosure by the applicants led to a settlement emphasizing voluntary compliance and dispute resolution. en-us Mon, 09 Dec 2002 00:00:00 +0530 Wed, 11 Apr 2012 17:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109767 The case involved duty liability on unutilized and missing imported goods, with discrepancies amounting to a proposed duty demand of Rs. 2,53,57,559.60. The applicants settled the case by admitting a total duty liability of Rs. 2,56,99,711/-, already paid, and were granted immunity from penalty, fine, and prosecution under the Customs Act, 1962. The main applicant was required to pay 10% simple interest on the admitted duty, with immunity for interest exceeding 10%. Cooperation and full disclosure by the applicants led to a settlement emphasizing voluntary compliance and dispute resolution. Case-Laws Customs Mon, 09 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109767