https://www.taxtmi.com/caselaws?id=116345 The case involved misdeclaration of quantity and year of manufacture of imported goods, leading to detention and seizure. The misclassification and undervaluation of goods resulted in discrepancies in duty liability. The applicant admitted the full duty liability demanded and the Settlement Commission allowed adjustment from the revenue deposit. Immunities from penalty, interest, and prosecution were granted based on full disclosure and cooperation, under Section 127H(1) of the Customs Act, with a caveat that settlement would be void if obtained through fraud. en-us Fri, 10 Jun 2005 00:00:00 +0530 Mon, 11 Jun 2012 16:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116345 The case involved misdeclaration of quantity and year of manufacture of imported goods, leading to detention and seizure. The misclassification and undervaluation of goods resulted in discrepancies in duty liability. The applicant admitted the full duty liability demanded and the Settlement Commission allowed adjustment from the revenue deposit. Immunities from penalty, interest, and prosecution were granted based on full disclosure and cooperation, under Section 127H(1) of the Customs Act, with a caveat that settlement would be void if obtained through fraud. Case-Laws Customs Fri, 10 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116345