https://www.taxtmi.com/caselaws?id=116342 Acceptance of an amnesty scheme and closure of proceedings bars the assessee from later reopening the settlement on the claim that the credit reversal was mistaken. The text states that, after proceedings for breach of a customs exemption condition were dropped on the assessee's reversal of credit and payment of interest within the stipulated time, the settled position attained finality. A party cannot selectively resile from the basis on which relief was obtained or seek restoration of the very credit reversed to secure closure. The request for restoration was therefore rejected, and the concluded settlement remained binding. en-us Thu, 09 Jun 2005 00:00:00 +0530 Mon, 11 Jun 2012 15:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116342 Acceptance of an amnesty scheme and closure of proceedings bars the assessee from later reopening the settlement on the claim that the credit reversal was mistaken. The text states that, after proceedings for breach of a customs exemption condition were dropped on the assessee's reversal of credit and payment of interest within the stipulated time, the settled position attained finality. A party cannot selectively resile from the basis on which relief was obtained or seek restoration of the very credit reversed to secure closure. The request for restoration was therefore rejected, and the concluded settlement remained binding. Case-Laws Customs Thu, 09 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116342