https://www.taxtmi.com/caselaws?id=114275 Settlement under the Central Excise Act was found admissible where the applicant made full disclosure, accepted the show cause allegations, and the revenue conceded eligibility. On acceptance of the duty liability and prior payment of the differential duty, the Commission settled the demand, appropriated the amount already deposited, and granted immunity from penalty and prosecution under the settlement framework. Interest was directed at 10% per annum up to the date of actual payment, and the immunity remained subject to the statutory conditions excluding fraud, suppression, false evidence, and withholding of material facts. en-us Sun, 29 Feb 2004 00:00:00 +0530 Mon, 14 May 2012 13:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114275 Settlement under the Central Excise Act was found admissible where the applicant made full disclosure, accepted the show cause allegations, and the revenue conceded eligibility. On acceptance of the duty liability and prior payment of the differential duty, the Commission settled the demand, appropriated the amount already deposited, and granted immunity from penalty and prosecution under the settlement framework. Interest was directed at 10% per annum up to the date of actual payment, and the immunity remained subject to the statutory conditions excluding fraud, suppression, false evidence, and withholding of material facts. Case-Laws Central Excise Sun, 29 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114275