https://www.taxtmi.com/caselaws?id=121035 The Settlement Commission admitted the applicant's settlement application under Section 127B of the Customs Act, finding the disclosure of duty liability in the application to be fresh and meeting all statutory conditions. The Commission held jurisdiction under Section 127F(2) of the Customs Act, allowing the application to proceed and adjusting the amount already paid against the admitted duty liability, with the balance to be settled within 30 days. The Commission highlighted the significance of genuine disclosure in settlement applications and clarified that departmental circulars do not bind quasi-judicial bodies like the Settlement Commission. en-us Thu, 06 Feb 2003 00:00:00 +0530 Thu, 26 Jul 2012 11:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121035 The Settlement Commission admitted the applicant's settlement application under Section 127B of the Customs Act, finding the disclosure of duty liability in the application to be fresh and meeting all statutory conditions. The Commission held jurisdiction under Section 127F(2) of the Customs Act, allowing the application to proceed and adjusting the amount already paid against the admitted duty liability, with the balance to be settled within 30 days. The Commission highlighted the significance of genuine disclosure in settlement applications and clarified that departmental circulars do not bind quasi-judicial bodies like the Settlement Commission. Case-Laws Customs Thu, 06 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121035