https://www.taxtmi.com/caselaws?id=120844 The Settlement Commission granted M/s. Seven Seas Petroleum (P) Ltd. immunity from prosecution and penalty under the Customs Act, 1962, for settling duty liability related to forged TRAs used in importing kerosene. The company cooperated, made a full disclosure, and paid the duty liability. Immunity from interest was limited to not exceeding 10% per annum. The Commission acknowledged the lack of evidence showing the company's involvement in the forgery and emphasized that granted immunities would be void if obtained through fraud or misrepresentation. en-us Fri, 07 Jan 2005 00:00:00 +0530 Tue, 24 Jul 2012 17:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120844 The Settlement Commission granted M/s. Seven Seas Petroleum (P) Ltd. immunity from prosecution and penalty under the Customs Act, 1962, for settling duty liability related to forged TRAs used in importing kerosene. The company cooperated, made a full disclosure, and paid the duty liability. Immunity from interest was limited to not exceeding 10% per annum. The Commission acknowledged the lack of evidence showing the company's involvement in the forgery and emphasized that granted immunities would be void if obtained through fraud or misrepresentation. Case-Laws Customs Fri, 07 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120844