https://www.taxtmi.com/caselaws?id=121037 The application under Section 127B of the Customs Act, 1962, filed by M/s. Cochin Shipyard Limited seeking settlement of proceedings initiated by a Show Cause Notice was admitted by the Settlement Commission. The Bench found the application met the conditions of Section 127B, including the disclosure of duty liability exceeding Rs. 2 lakhs. The duty liability of Rs. 2,83,468/- was accepted, and the application was allowed to proceed under Section 127C(1) of the Customs Act, 1962. The Bench acquired exclusive jurisdiction to handle the case under Section 127F(2) of the Customs Act. en-us Mon, 21 Jul 2003 00:00:00 +0530 Thu, 26 Jul 2012 12:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121037 The application under Section 127B of the Customs Act, 1962, filed by M/s. Cochin Shipyard Limited seeking settlement of proceedings initiated by a Show Cause Notice was admitted by the Settlement Commission. The Bench found the application met the conditions of Section 127B, including the disclosure of duty liability exceeding Rs. 2 lakhs. The duty liability of Rs. 2,83,468/- was accepted, and the application was allowed to proceed under Section 127C(1) of the Customs Act, 1962. The Bench acquired exclusive jurisdiction to handle the case under Section 127F(2) of the Customs Act. Case-Laws Customs Mon, 21 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121037