https://www.taxtmi.com/caselaws?id=109833 The applicant was found to have misused the EPCG Scheme by importing high-value cars and evading customs duty. Investigations revealed misrepresentation and fraudulent activities in obtaining licenses and failure to fulfill export obligations. The applicant admitted duty liability in a settlement application, refuting allegations of selling cars. The Commission allowed settlement applications, directing payment of admitted duty liability within 30 days with immunity from fines, penalties, and prosecution upon full disclosure. Interest waiver was limited to 10%, with a bank guarantee requirement. Immunity from prosecution was granted under Section 127H of the Customs Act, subject to no fraud in settlement. en-us Thu, 10 Apr 2003 00:00:00 +0530 Thu, 12 Apr 2012 12:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109833 The applicant was found to have misused the EPCG Scheme by importing high-value cars and evading customs duty. Investigations revealed misrepresentation and fraudulent activities in obtaining licenses and failure to fulfill export obligations. The applicant admitted duty liability in a settlement application, refuting allegations of selling cars. The Commission allowed settlement applications, directing payment of admitted duty liability within 30 days with immunity from fines, penalties, and prosecution upon full disclosure. Interest waiver was limited to 10%, with a bank guarantee requirement. Immunity from prosecution was granted under Section 127H of the Customs Act, subject to no fraud in settlement. Case-Laws Customs Thu, 10 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109833