https://www.taxtmi.com/caselaws?id=128315 The Settlement Commission granted immunity from penalty exceeding a specified amount to the main Applicant and immunity from penalty to the Co-Applicants. Immunity from prosecution was also granted, subject to payment of penalty within 30 days. The Commission found full immunity from penalty unwarranted due to significant duty evasion and manipulation of invoices. The settlement terms were outlined under Section 127C(5) of the Customs Act, ensuring compliance. The decision balanced duty evasion, cooperation, and prompt payment, cautioning against fraud or misrepresentation. en-us Wed, 22 Jul 2009 00:00:00 +0530 Mon, 01 Apr 2013 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128315 The Settlement Commission granted immunity from penalty exceeding a specified amount to the main Applicant and immunity from penalty to the Co-Applicants. Immunity from prosecution was also granted, subject to payment of penalty within 30 days. The Commission found full immunity from penalty unwarranted due to significant duty evasion and manipulation of invoices. The settlement terms were outlined under Section 127C(5) of the Customs Act, ensuring compliance. The decision balanced duty evasion, cooperation, and prompt payment, cautioning against fraud or misrepresentation. Case-Laws Customs Wed, 22 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128315