https://www.taxtmi.com/caselaws?id=121355 The Bench settled the Customs duty liability at Rs. 91,23,063/- for a company accused of diverting imported inputs and manufactured items in violation of Customs Act provisions. The company was granted immunity from interest exceeding 10% on the settled duty, as well as immunity from penalty, fine, and prosecution. The settlement terms highlighted that any fraud or misrepresentation would void the agreement, with immunities granted under Section 127H(1) of the Customs Act, 1962, subject to the Act's provisions. en-us Wed, 07 Jun 2006 00:00:00 +0530 Mon, 30 Jul 2012 11:30:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121355 The Bench settled the Customs duty liability at Rs. 91,23,063/- for a company accused of diverting imported inputs and manufactured items in violation of Customs Act provisions. The company was granted immunity from interest exceeding 10% on the settled duty, as well as immunity from penalty, fine, and prosecution. The settlement terms highlighted that any fraud or misrepresentation would void the agreement, with immunities granted under Section 127H(1) of the Customs Act, 1962, subject to the Act's provisions. Case-Laws Customs Wed, 07 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121355