https://www.taxtmi.com/caselaws?id=350655 The Tribunal upheld the Settlement Commission's order allowing Respondent No.1's application for settling allegations of Central Excise duty evasion related to manufacturing "Polyester Viscose Yarn." Despite the Petitioners' challenge, the Commission granted settlement, providing immunity from penal action and directing payment of interest. The Tribunal justified the decision by emphasizing the legislative intent to encourage disclosure of duty liability, even in cases of non-filing of returns, to uncover frauds and collect revenue. The Petition was rejected, and the Rule discharged, affirming the Commission's decision. en-us Thu, 02 Nov 2017 00:00:00 +0530 Sat, 28 Apr 2018 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350655 The Tribunal upheld the Settlement Commission's order allowing Respondent No.1's application for settling allegations of Central Excise duty evasion related to manufacturing "Polyester Viscose Yarn." Despite the Petitioners' challenge, the Commission granted settlement, providing immunity from penal action and directing payment of interest. The Tribunal justified the decision by emphasizing the legislative intent to encourage disclosure of duty liability, even in cases of non-filing of returns, to uncover frauds and collect revenue. The Petition was rejected, and the Rule discharged, affirming the Commission's decision. Case-Laws Central Excise Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350655