https://www.taxtmi.com/caselaws?id=121054 The Settlement Commission for Customs and Central Excise granted a steel manufacturing company immunity from interest, confiscation, penalty, and prosecution under the Customs Act, 1962. The company, accused of using forged DEPB licenses and TRA in importing goods, claimed innocence, stating they purchased the licenses in good faith. The Commission considered them as innocent victims of criminal activities, acknowledging their lack of knowledge or participation in the forgery. The settlement terms fixed the duty liability at Rs. 6,78,762, which was already paid, and allowed the settlement to proceed under specified provisions of the Customs Act. en-us Thu, 13 Jul 2006 00:00:00 +0530 Thu, 26 Jul 2012 12:50:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121054 The Settlement Commission for Customs and Central Excise granted a steel manufacturing company immunity from interest, confiscation, penalty, and prosecution under the Customs Act, 1962. The company, accused of using forged DEPB licenses and TRA in importing goods, claimed innocence, stating they purchased the licenses in good faith. The Commission considered them as innocent victims of criminal activities, acknowledging their lack of knowledge or participation in the forgery. The settlement terms fixed the duty liability at Rs. 6,78,762, which was already paid, and allowed the settlement to proceed under specified provisions of the Customs Act. Case-Laws Customs Thu, 13 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121054