https://www.taxtmi.com/caselaws?id=116557 The Settlement Commission admitted the company's application, settling customs duty at Rs. 36,79,950 for imported horses. Immunity from fines, penalties, and prosecution under the Customs Act was granted due to the company's cooperation and full disclosure. Interest immunity was granted up to 10% per annum, with a requirement to pay within 30 days. The settlement, in line with Section 127H of the Act, emphasized that fraud or misrepresentation would void it. The detailed analysis led to a comprehensive resolution addressing duty liability, fines, penalties, prosecution, and interest obligations, with all parties informed accordingly. en-us Thu, 10 Mar 2005 00:00:00 +0530 Wed, 13 Jun 2012 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116557 The Settlement Commission admitted the company's application, settling customs duty at Rs. 36,79,950 for imported horses. Immunity from fines, penalties, and prosecution under the Customs Act was granted due to the company's cooperation and full disclosure. Interest immunity was granted up to 10% per annum, with a requirement to pay within 30 days. The settlement, in line with Section 127H of the Act, emphasized that fraud or misrepresentation would void it. The detailed analysis led to a comprehensive resolution addressing duty liability, fines, penalties, prosecution, and interest obligations, with all parties informed accordingly. Case-Laws Customs Thu, 10 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116557