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    <title>2006 (2) TMI 587 - SETTLEMENT COMMISSION, CUSTOMS AND CENTRAL EXCISE,</title>
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    <description>The Settlement Commission held that the applicant&#039;s application met the conditions for admission, as the Notice for recovery of duty was valid and the applicant admitted the entire duty demanded. The Commission settled the duty liability at Rs. 17,87,271, granting immunity from interest, fine, penalty, and prosecution. The applicant was required to pay the calculated interest within a specified timeframe, with provisions for voiding the settlement in case of fraud or misrepresentation.</description>
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      <description>The Settlement Commission held that the applicant&#039;s application met the conditions for admission, as the Notice for recovery of duty was valid and the applicant admitted the entire duty demanded. The Commission settled the duty liability at Rs. 17,87,271, granting immunity from interest, fine, penalty, and prosecution. The applicant was required to pay the calculated interest within a specified timeframe, with provisions for voiding the settlement in case of fraud or misrepresentation.</description>
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