https://www.taxtmi.com/caselaws?id=122447 The Commission settled the duty liability at Rs. 11,78,746, lower than the duty demanded by Revenue, due to re-exportation of faulty goods. The Bank Guarantee of Rs. 13,50,000 was released. The applicant received immunity from fines and penalties for full disclosure, with interest at 10% instead of 24% for cooperation. Immunity from prosecution under Customs Act and Penal Code was granted, conditional on no fraud in obtaining settlement. en-us Wed, 08 Jan 2003 00:00:00 +0530 Mon, 13 Aug 2012 17:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122447 The Commission settled the duty liability at Rs. 11,78,746, lower than the duty demanded by Revenue, due to re-exportation of faulty goods. The Bank Guarantee of Rs. 13,50,000 was released. The applicant received immunity from fines and penalties for full disclosure, with interest at 10% instead of 24% for cooperation. Immunity from prosecution under Customs Act and Penal Code was granted, conditional on no fraud in obtaining settlement. Case-Laws Customs Wed, 08 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122447