https://www.taxtmi.com/caselaws?id=213151 The Settlement Commission deemed the applications eligible for settlement under Section 127B of the Customs Act, 1962, despite Revenue's opposition. The applicants, recognized as de facto importers, admitted duty evasion and paid the amounts. The Bench settled customs duty, granting immunity from fines and penalties exceeding specified amounts. Both applicants were granted immunity from prosecution under Section 127H, subject to provisions. The settlement order would be void if obtained through fraud. The Revenue could pursue action against other involved parties not covered by the settlement. en-us Wed, 13 Apr 2011 00:00:00 +0530 Fri, 11 May 2012 07:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213151 The Settlement Commission deemed the applications eligible for settlement under Section 127B of the Customs Act, 1962, despite Revenue's opposition. The applicants, recognized as de facto importers, admitted duty evasion and paid the amounts. The Bench settled customs duty, granting immunity from fines and penalties exceeding specified amounts. Both applicants were granted immunity from prosecution under Section 127H, subject to provisions. The settlement order would be void if obtained through fraud. The Revenue could pursue action against other involved parties not covered by the settlement. Case-Laws Customs Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213151