https://www.taxtmi.com/caselaws?id=357678 The High Court upheld the Customs, Central Excise and Service Tax Settlement Commission's decision to reduce interest rates and grant immunity from penalties exceeding Rupees Ten Lakhs to a respondent-company. The court found the Commission's reliance on the default date's interest rate for calculating liability appropriate, rejecting the petitioner's arguments based on a different notification. Additionally, the court held that the Commission's discretion to grant immunity from penalties was valid under Section 32K of the Central Excise Act, 1944, emphasizing the settlement-based nature of Commission decisions and dismissing the petition without costs. en-us Sat, 24 Feb 2018 00:00:00 +0530 Wed, 28 Mar 2018 07:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357678 The High Court upheld the Customs, Central Excise and Service Tax Settlement Commission's decision to reduce interest rates and grant immunity from penalties exceeding Rupees Ten Lakhs to a respondent-company. The court found the Commission's reliance on the default date's interest rate for calculating liability appropriate, rejecting the petitioner's arguments based on a different notification. Additionally, the court held that the Commission's discretion to grant immunity from penalties was valid under Section 32K of the Central Excise Act, 1944, emphasizing the settlement-based nature of Commission decisions and dismissing the petition without costs. Case-Laws Central Excise Sat, 24 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357678