https://www.taxtmi.com/caselaws?id=365833 Section 28(5) and Section 28(6) of the Customs Act, 1962 provide a beneficial mechanism for deemed conclusion of proceedings where duty, interest and the prescribed penalty are paid within the stipulated time and the proper officer accepts the payment as full discharge. The text states that this benefit can apply even when the demand arises from alleged collusion, wilful misstatement or suppression of facts. It further states that prior payment of differential duty and subsequent payment of interest and penalty within the permissible period satisfy the statutory conditions, and that a departmental circular or confiscation-based objection cannot restrict the benefit conferred by the statute. en-us Thu, 23 Aug 2018 00:00:00 +0530 Tue, 13 Nov 2018 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365833 Section 28(5) and Section 28(6) of the Customs Act, 1962 provide a beneficial mechanism for deemed conclusion of proceedings where duty, interest and the prescribed penalty are paid within the stipulated time and the proper officer accepts the payment as full discharge. The text states that this benefit can apply even when the demand arises from alleged collusion, wilful misstatement or suppression of facts. It further states that prior payment of differential duty and subsequent payment of interest and penalty within the permissible period satisfy the statutory conditions, and that a departmental circular or confiscation-based objection cannot restrict the benefit conferred by the statute. Case-Laws Customs Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365833