https://www.taxtmi.com/caselaws?id=112608 The Settlement Commission granted the applicant total immunity from interest, penalty, and prosecution under Section 127H of the Customs Act. The applicant, a sub-contractor, imported goods by undervaluing them and hand-carrying them as personal baggage. After admitting duty liability and paying the demanded amount, the Commission settled the duty at Rs. 72,31,264. The judgment emphasized the significance of full disclosure and cooperation in obtaining settlements and warned against fraudulent practices. en-us Wed, 08 Sep 2004 00:00:00 +0530 Mon, 30 Apr 2012 18:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112608 The Settlement Commission granted the applicant total immunity from interest, penalty, and prosecution under Section 127H of the Customs Act. The applicant, a sub-contractor, imported goods by undervaluing them and hand-carrying them as personal baggage. After admitting duty liability and paying the demanded amount, the Commission settled the duty at Rs. 72,31,264. The judgment emphasized the significance of full disclosure and cooperation in obtaining settlements and warned against fraudulent practices. Case-Laws Customs Wed, 08 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112608