https://www.taxtmi.com/caselaws?id=120846 The Settlement Commission upheld duty payment by M/s. Innomedia Technologies Pvt. Ltd. but imposed interest liability at 15% per annum from 5/2000 to 7/2003 under the Customs Act, 1962. Immunity from penalties and prosecution under the Act was granted, while waiver of interest and penalty was denied. The settlement terms required payment of the interest within 15 days and compliance with specified conditions to avoid penalties and prosecution, with a caution against fraudulent practices. en-us Wed, 04 May 2005 00:00:00 +0530 Tue, 24 Jul 2012 17:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120846 The Settlement Commission upheld duty payment by M/s. Innomedia Technologies Pvt. Ltd. but imposed interest liability at 15% per annum from 5/2000 to 7/2003 under the Customs Act, 1962. Immunity from penalties and prosecution under the Act was granted, while waiver of interest and penalty was denied. The settlement terms required payment of the interest within 15 days and compliance with specified conditions to avoid penalties and prosecution, with a caution against fraudulent practices. Case-Laws Customs Wed, 04 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120846