https://www.taxtmi.com/caselaws?id=121985 The Settlement Commission settled a case involving a Public Ltd. Company that imported goods under an Advance Licence but failed to meet the export obligation, resulting in a duty demand of Rs. 24,05,470/-. The applicant sought settlement, admitting the duty liability and agreeing to pay Rs. 35,01,573/-, which was accepted by the Commission. The Commission affirmed its jurisdiction in cases of default in export obligation under Advance Licence/EPCG Scheme, granting immunities from fine, penalty, and prosecution to the applicants for their cooperation and full disclosure during the proceedings, emphasizing the significance of cooperation and disclosure in seeking such immunities. en-us Tue, 22 Oct 2002 00:00:00 +0530 Tue, 07 Aug 2012 17:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121985 The Settlement Commission settled a case involving a Public Ltd. Company that imported goods under an Advance Licence but failed to meet the export obligation, resulting in a duty demand of Rs. 24,05,470/-. The applicant sought settlement, admitting the duty liability and agreeing to pay Rs. 35,01,573/-, which was accepted by the Commission. The Commission affirmed its jurisdiction in cases of default in export obligation under Advance Licence/EPCG Scheme, granting immunities from fine, penalty, and prosecution to the applicants for their cooperation and full disclosure during the proceedings, emphasizing the significance of cooperation and disclosure in seeking such immunities. Case-Laws Customs Tue, 22 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121985