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    <title>2003 (2) TMI 521 - SETTLEMENT COMMISSION, CUSTOMS &amp; CENTRAL EXCISE, CHENNAI</title>
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    <description>The Settlement Commission ordered the main applicant to settle duty liability at Rs. 1,31,34,611/-, with a balance of Rs. 75,27,633/- to be paid within 30 days. Immunity from prosecution, penalty, and interest was granted, contingent on full disclosure. The Commission accepted job work production claims but required verification of related Modvat credit. Assessable value for duty calculation was determined based on historical data. The applicant&#039;s plea for cum-duty value was partially accepted. The Commission emphasized the consequences of withholding information or using fraudulent means in obtaining the settlement.</description>
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    <pubDate>Wed, 19 Feb 2003 00:00:00 +0530</pubDate>
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      <description>The Settlement Commission ordered the main applicant to settle duty liability at Rs. 1,31,34,611/-, with a balance of Rs. 75,27,633/- to be paid within 30 days. Immunity from prosecution, penalty, and interest was granted, contingent on full disclosure. The Commission accepted job work production claims but required verification of related Modvat credit. Assessable value for duty calculation was determined based on historical data. The applicant&#039;s plea for cum-duty value was partially accepted. The Commission emphasized the consequences of withholding information or using fraudulent means in obtaining the settlement.</description>
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      <pubDate>Wed, 19 Feb 2003 00:00:00 +0530</pubDate>
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