https://www.taxtmi.com/caselaws?id=127069 The High Court upheld the Settlement Commission's decision under Section 127C(7) of the Customs Act, 1962, requiring the petitioner to pay simple interest at 10% per annum on the unpaid duty amount for misdeclaration of imported patchouli oil. Despite waiving fines and penalties, the Commission's imposition of interest was deemed valid. The Court emphasized limited interference in writ jurisdiction, affirming the Commission's conscious consideration of settlement terms. The appeals were dismissed, confirming the Settlement Commission's ruling on interest payment and immunity from penalties. en-us Mon, 03 Nov 2008 00:00:00 +0530 Mon, 18 Feb 2013 15:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127069 The High Court upheld the Settlement Commission's decision under Section 127C(7) of the Customs Act, 1962, requiring the petitioner to pay simple interest at 10% per annum on the unpaid duty amount for misdeclaration of imported patchouli oil. Despite waiving fines and penalties, the Commission's imposition of interest was deemed valid. The Court emphasized limited interference in writ jurisdiction, affirming the Commission's conscious consideration of settlement terms. The appeals were dismissed, confirming the Settlement Commission's ruling on interest payment and immunity from penalties. Case-Laws Customs Mon, 03 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127069