https://www.taxtmi.com/caselaws?id=115036 The Settlement Commission allowed the main applicant and co-applicants to settle duty liability amounting to Rs. 1,48,74,192/- under Section 127C(1) of the Customs Act, 1962. Immunities from fine, penalty, and prosecution were granted due to full disclosure and cooperation, except for interest, which incurred a 10% per annum rate. The order specified conditions for settlement under Section 127C(7) and outlined a timeline for paying the interest liability, with immunities granted under Section 127H, subject to the order being void if obtained fraudulently. en-us Wed, 23 Feb 2005 00:00:00 +0530 Wed, 23 May 2012 12:19:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115036 The Settlement Commission allowed the main applicant and co-applicants to settle duty liability amounting to Rs. 1,48,74,192/- under Section 127C(1) of the Customs Act, 1962. Immunities from fine, penalty, and prosecution were granted due to full disclosure and cooperation, except for interest, which incurred a 10% per annum rate. The order specified conditions for settlement under Section 127C(7) and outlined a timeline for paying the interest liability, with immunities granted under Section 127H, subject to the order being void if obtained fraudulently. Case-Laws Customs Wed, 23 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115036