https://www.taxtmi.com/caselaws?id=197289 The Settlement Commission found the applicant liable for misclassifying imported goods, resulting in evasion of Customs duty. The applicant admitted to duty liabilities, paid the dues, and sought immunity from penalty and prosecution, claiming unintentional error. The Commission settled the Customs duty at Rs. 3,15,97,462, imposed a penalty of Rs. 2,00,000, and granted immunity from prosecution under the Customs Act, 1962, subject to compliance with settlement terms. Compliance was emphasized, warning of voidance if obtained by fraud. en-us Mon, 15 Feb 2016 00:00:00 +0530 Mon, 01 Jan 2018 18:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197289 The Settlement Commission found the applicant liable for misclassifying imported goods, resulting in evasion of Customs duty. The applicant admitted to duty liabilities, paid the dues, and sought immunity from penalty and prosecution, claiming unintentional error. The Commission settled the Customs duty at Rs. 3,15,97,462, imposed a penalty of Rs. 2,00,000, and granted immunity from prosecution under the Customs Act, 1962, subject to compliance with settlement terms. Compliance was emphasized, warning of voidance if obtained by fraud. Case-Laws Customs Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197289