https://www.taxtmi.com/caselaws?id=122801 The Settlement Commission resolved the case by determining a customs duty liability of Rs. 44,80,835/-. A 10% interest rate was imposed on the delayed payment of duties, with a partial waiver of fines and penalties, including specific penalties on key individuals. Immunity from prosecution under the Customs Act was granted to all applicants, contingent upon the payment of interest, fines, and penalties, with additional conditions for certain individuals. The application of a COFEPOSA absconder was admitted, but full immunities were not granted due to his status. The order remains void if obtained through fraud or misrepresentation. en-us Tue, 11 Sep 2007 00:00:00 +0530 Thu, 28 Nov 2024 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122801 The Settlement Commission resolved the case by determining a customs duty liability of Rs. 44,80,835/-. A 10% interest rate was imposed on the delayed payment of duties, with a partial waiver of fines and penalties, including specific penalties on key individuals. Immunity from prosecution under the Customs Act was granted to all applicants, contingent upon the payment of interest, fines, and penalties, with additional conditions for certain individuals. The application of a COFEPOSA absconder was admitted, but full immunities were not granted due to his status. The order remains void if obtained through fraud or misrepresentation. Case-Laws Customs Tue, 11 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122801