https://www.taxtmi.com/caselaws?id=121039 The Settlement Commission rejected M/s. Chakola Ayurvedics Limited's application for settlement due to their failure to file monthly returns as required by law, despite crossing the duty exemption limit. The Commission emphasized that belatedly filing returns cannot rectify prior non-compliance, leading to the rejection of the subsequent settlement application. Despite arguments of being misdirected and a young entrepreneur, the Commission directed the applicant to engage in adjudication proceedings to seek relief, highlighting the necessity of strict adherence to legal requirements for settlement applications. en-us Wed, 12 Jan 2005 00:00:00 +0530 Thu, 26 Jul 2012 12:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121039 The Settlement Commission rejected M/s. Chakola Ayurvedics Limited's application for settlement due to their failure to file monthly returns as required by law, despite crossing the duty exemption limit. The Commission emphasized that belatedly filing returns cannot rectify prior non-compliance, leading to the rejection of the subsequent settlement application. Despite arguments of being misdirected and a young entrepreneur, the Commission directed the applicant to engage in adjudication proceedings to seek relief, highlighting the necessity of strict adherence to legal requirements for settlement applications. Case-Laws Central Excise Wed, 12 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121039