https://www.taxtmi.com/caselaws?id=126068 Settlement Commission practice under the Customs Act permits a settlement application to proceed where the applicant makes a full and true disclosure of duty liability and cooperates in the proceedings. On the facts described, the Commission accepted maintainability, but held that knowledge of the irregular import and participation in the transaction amounted to abetment, so complete immunity from fine and penalty was not justified. It settled duty and interest after crediting amounts already paid, ordered confiscation with redemption fine, imposed a reduced penalty, and granted immunity from prosecution subject to compliance with the settled dues. en-us Wed, 04 Mar 2009 00:00:00 +0530 Fri, 02 Nov 2012 09:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126068 Settlement Commission practice under the Customs Act permits a settlement application to proceed where the applicant makes a full and true disclosure of duty liability and cooperates in the proceedings. On the facts described, the Commission accepted maintainability, but held that knowledge of the irregular import and participation in the transaction amounted to abetment, so complete immunity from fine and penalty was not justified. It settled duty and interest after crediting amounts already paid, ordered confiscation with redemption fine, imposed a reduced penalty, and granted immunity from prosecution subject to compliance with the settled dues. Case-Laws Customs Wed, 04 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126068