https://www.taxtmi.com/caselaws?id=119895 The Settlement Commission resolved a case under Section 127B of the Customs Act, 1962 involving the clearance of a Volkswagen Car at Air Cargo Complex, Mumbai. After de novo adjudication, the car's value was re-determined, leading to settlement under Section 127C(7) with customs duty set at Rs. 27,69,067 based on the manufacturer's invoice. Immunities from fine, penalty, and prosecution were granted to the applicant and co-applicant due to full disclosure and cooperation. The settlement would be void if obtained through fraud or misrepresentation, with the delay in the Revenue's verification report submission addressed. en-us Tue, 06 Jun 2006 00:00:00 +0530 Fri, 13 Jul 2012 18:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119895 The Settlement Commission resolved a case under Section 127B of the Customs Act, 1962 involving the clearance of a Volkswagen Car at Air Cargo Complex, Mumbai. After de novo adjudication, the car's value was re-determined, leading to settlement under Section 127C(7) with customs duty set at Rs. 27,69,067 based on the manufacturer's invoice. Immunities from fine, penalty, and prosecution were granted to the applicant and co-applicant due to full disclosure and cooperation. The settlement would be void if obtained through fraud or misrepresentation, with the delay in the Revenue's verification report submission addressed. Case-Laws Customs Tue, 06 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119895