https://www.taxtmi.com/caselaws?id=122461 The Settlement Commission granted immunity from penalty and prosecution to a company seeking waiver of interest on customs duty for imported scrap due to failure in meeting export obligations. However, the company was held liable to pay interest as per contractual terms and legal provisions. The Commission required payment within 15 days to settle the case, warning of voidance if obtained through fraud or misrepresentation, emphasizing provisions under the Customs Act. en-us Mon, 16 May 2005 00:00:00 +0530 Mon, 13 Aug 2012 18:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122461 The Settlement Commission granted immunity from penalty and prosecution to a company seeking waiver of interest on customs duty for imported scrap due to failure in meeting export obligations. However, the company was held liable to pay interest as per contractual terms and legal provisions. The Commission required payment within 15 days to settle the case, warning of voidance if obtained through fraud or misrepresentation, emphasizing provisions under the Customs Act. Case-Laws Customs Mon, 16 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122461