https://www.taxtmi.com/caselaws?id=121959 The Settlement Commission allowed a Public Ltd. Company's application under the DEEC Scheme, settling duty liability at Rs. 20,10,746 with interest. The Commission affirmed its jurisdiction over cases involving default in export obligations under Advance Licence/EPCG Scheme. It emphasized duty liability determination based on assessed duty under the bill of entry. The relevant date for duty determination was clarified, granting immunity from fines and penalties to applicants who cooperated and disclosed fully during proceedings. Cooperation and disclosure were crucial for immunity from punitive actions under the Customs Act, 1962, and the Indian Penal Code. en-us Tue, 22 Oct 2002 00:00:00 +0530 Tue, 07 Aug 2012 15:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121959 The Settlement Commission allowed a Public Ltd. Company's application under the DEEC Scheme, settling duty liability at Rs. 20,10,746 with interest. The Commission affirmed its jurisdiction over cases involving default in export obligations under Advance Licence/EPCG Scheme. It emphasized duty liability determination based on assessed duty under the bill of entry. The relevant date for duty determination was clarified, granting immunity from fines and penalties to applicants who cooperated and disclosed fully during proceedings. Cooperation and disclosure were crucial for immunity from punitive actions under the Customs Act, 1962, and the Indian Penal Code. Case-Laws Customs Tue, 22 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121959