https://www.taxtmi.com/caselaws?id=121980 The judgment ordered the settlement of a case involving duty liability for a firm manufacturing automobile components. The applicants admitted additional duty liability, paid the demanded amount, and sought immunity from prosecution and waiver of interest liability. The Commission granted immunity from prosecution under Section 32K(1) of the Act due to the applicants' cooperation and payments. However, interest liability was imposed at 10% per annum on inadmissible duty credits. The settlement terms included payment of admitted duty liability and prescribed interest, with immunity granted subject to compliance with the Act and void if obtained through fraud. en-us Wed, 11 Apr 2001 00:00:00 +0530 Tue, 07 Aug 2012 16:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121980 The judgment ordered the settlement of a case involving duty liability for a firm manufacturing automobile components. The applicants admitted additional duty liability, paid the demanded amount, and sought immunity from prosecution and waiver of interest liability. The Commission granted immunity from prosecution under Section 32K(1) of the Act due to the applicants' cooperation and payments. However, interest liability was imposed at 10% per annum on inadmissible duty credits. The settlement terms included payment of admitted duty liability and prescribed interest, with immunity granted subject to compliance with the Act and void if obtained through fraud. Case-Laws Central Excise Wed, 11 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121980