https://www.taxtmi.com/caselaws?id=121395 The Settlement Commission for Customs and Central Excise admitted the settlement applications of a Two Wheeler manufacturer and a co-applicant for inadmissible Cenvat credit. The applicants admitted the allegations and duty liability, with the main applicant depositing the demanded amount. The Bench settled the total duty liability, granting immunity from excessive interest and penalties. The applicants were directed to pay simple interest at 10% per annum and were granted immunities from penalty and prosecution, subject to compliance with the settlement terms and a caution against concealment or fraud. en-us Mon, 09 Apr 2007 00:00:00 +0530 Mon, 30 Jul 2012 13:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121395 The Settlement Commission for Customs and Central Excise admitted the settlement applications of a Two Wheeler manufacturer and a co-applicant for inadmissible Cenvat credit. The applicants admitted the allegations and duty liability, with the main applicant depositing the demanded amount. The Bench settled the total duty liability, granting immunity from excessive interest and penalties. The applicants were directed to pay simple interest at 10% per annum and were granted immunities from penalty and prosecution, subject to compliance with the settlement terms and a caution against concealment or fraud. Case-Laws Central Excise Mon, 09 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121395