https://www.taxtmi.com/caselaws?id=121984 The Settlement Commission granted immunity to the applicant, M/s. Emjay Creations, from prosecution under the Customs Act, 1962, and the Indian Penal Code. The applicant was also exempted from penalties, fines, and interest after admitting duty liability of Rs. 10,05,654 and paying the same. The Commission emphasized the importance of full and true disclosure, warning that any fraud or misrepresentation would invalidate the settlement order. en-us Wed, 08 Aug 2001 00:00:00 +0530 Tue, 07 Aug 2012 17:09:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121984 The Settlement Commission granted immunity to the applicant, M/s. Emjay Creations, from prosecution under the Customs Act, 1962, and the Indian Penal Code. The applicant was also exempted from penalties, fines, and interest after admitting duty liability of Rs. 10,05,654 and paying the same. The Commission emphasized the importance of full and true disclosure, warning that any fraud or misrepresentation would invalidate the settlement order. Case-Laws Customs Wed, 08 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121984