https://www.taxtmi.com/caselaws?id=121044 The Settlement Commission under the Customs Act, 1962 settled duty liability for manufacturers of air conditioners who imported goods using forged DEPB Licences and TRAs. The applicants admitted duty liability and were granted settlement upon payment of the full amount. They received immunity from interest, confiscation, penalty, and prosecution as innocent victims of the forged documents. The co-applicant, involved in arranging the forged licenses, was also granted immunity from penalty and prosecution due to lack of direct involvement in the forgery. The settlement terms included fixed duty liability and outlined immunities, subject to non-fraudulent conduct. en-us Mon, 24 Apr 2006 00:00:00 +0530 Thu, 26 Jul 2012 12:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121044 The Settlement Commission under the Customs Act, 1962 settled duty liability for manufacturers of air conditioners who imported goods using forged DEPB Licences and TRAs. The applicants admitted duty liability and were granted settlement upon payment of the full amount. They received immunity from interest, confiscation, penalty, and prosecution as innocent victims of the forged documents. The co-applicant, involved in arranging the forged licenses, was also granted immunity from penalty and prosecution due to lack of direct involvement in the forgery. The settlement terms included fixed duty liability and outlined immunities, subject to non-fraudulent conduct. Case-Laws Customs Mon, 24 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121044