https://www.taxtmi.com/caselaws?id=121052 The Bench granted settlement to M/s. Bhuwalka Steel Industries Ltd. under Section 32E of the Central Excise Act, reducing duty liability to Rs. 1,40,36,040, with immunities from penalty, prosecution, and interest exceeding 10% per annum. The department's calculations were found inaccurate, and the correct rate of duty at 12% ad valorem was upheld. Immunities were extended to all applicants, subject to compliance with settlement terms. en-us Mon, 12 Jun 2006 00:00:00 +0530 Thu, 26 Jul 2012 12:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121052 The Bench granted settlement to M/s. Bhuwalka Steel Industries Ltd. under Section 32E of the Central Excise Act, reducing duty liability to Rs. 1,40,36,040, with immunities from penalty, prosecution, and interest exceeding 10% per annum. The department's calculations were found inaccurate, and the correct rate of duty at 12% ad valorem was upheld. Immunities were extended to all applicants, subject to compliance with settlement terms. Case-Laws Central Excise Mon, 12 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121052