https://www.taxtmi.com/caselaws?id=122021 The case involved an application for settlement of duty liability by an EOU importing items for export production. The Commissioner's investigation revealed discrepancies in accounting for components, leading to a duty liability of Rs. 93,16,408/-. The Revenue failed to convincingly prove allegations, and the Bench settled the case based on the backward calculation method. The total duty liability was fixed at Rs. 1,71,65,060/-, with the applicant directed to pay simple interest and granted immunity from fines, penalties, and prosecution under the Customs Act, 1962. The settlement terms were in accordance with relevant statutory provisions. en-us Fri, 09 Dec 2005 00:00:00 +0530 Wed, 08 Aug 2012 10:19:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122021 The case involved an application for settlement of duty liability by an EOU importing items for export production. The Commissioner's investigation revealed discrepancies in accounting for components, leading to a duty liability of Rs. 93,16,408/-. The Revenue failed to convincingly prove allegations, and the Bench settled the case based on the backward calculation method. The total duty liability was fixed at Rs. 1,71,65,060/-, with the applicant directed to pay simple interest and granted immunity from fines, penalties, and prosecution under the Customs Act, 1962. The settlement terms were in accordance with relevant statutory provisions. Case-Laws Customs Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122021