https://www.taxtmi.com/caselaws?id=122425 A settlement application before the Settlement Commission was allowed where the applicants made a full and true disclosure, admitted the duty liability, and cooperated with the proceedings; immunity from prosecution and penal liability was granted under the Central Excise framework. The Commission also found that inadmissible credits had been wrongly availed and used to meet duty liability, so waiver of interest was refused. Interest was directed as part of the settlement at simple interest of 10% per annum on the inadmissible credits from the month following availment until payment. en-us Wed, 18 Jul 2001 00:00:00 +0530 Mon, 13 Aug 2012 15:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122425 A settlement application before the Settlement Commission was allowed where the applicants made a full and true disclosure, admitted the duty liability, and cooperated with the proceedings; immunity from prosecution and penal liability was granted under the Central Excise framework. The Commission also found that inadmissible credits had been wrongly availed and used to meet duty liability, so waiver of interest was refused. Interest was directed as part of the settlement at simple interest of 10% per annum on the inadmissible credits from the month following availment until payment. Case-Laws Central Excise Wed, 18 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122425