https://www.taxtmi.com/caselaws?id=121036 The case involved a settlement application by M/s. Raghu Exports regarding customs proceedings for importing used goods with discrepancies in declared value. The applicant admitted duty liability and requested to sell the goods, citing financial concerns. The Bench considered policy provisions and denied immediate sale due to restrictions on second-hand goods. Ultimately, the case was settled under Sec. 127C(7) of the Customs Act, with terms including duty settlement, immunities from penalty and prosecution, and fines on prior cleared items, subject to withdrawal for false information under Sec. 127H. en-us Fri, 20 Jun 2003 00:00:00 +0530 Thu, 26 Jul 2012 12:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121036 The case involved a settlement application by M/s. Raghu Exports regarding customs proceedings for importing used goods with discrepancies in declared value. The applicant admitted duty liability and requested to sell the goods, citing financial concerns. The Bench considered policy provisions and denied immediate sale due to restrictions on second-hand goods. Ultimately, the case was settled under Sec. 127C(7) of the Customs Act, with terms including duty settlement, immunities from penalty and prosecution, and fines on prior cleared items, subject to withdrawal for false information under Sec. 127H. Case-Laws Customs Fri, 20 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121036