https://www.taxtmi.com/caselaws?id=278959 The application filed by Shri B.M. Rakesh, Managing Partner of M/s. Vriddhi Interiors, was deemed maintainable under Section 127L(i) of the Customs Act, 1962, by the Settlement Commission. Despite admitting to undervaluing goods to evade customs duty, Shri B.M. Rakesh was imposed a partial penalty of Rs. 20,000 for willful duty evasion. Additionally, he was granted immunity from prosecution under Section 127H of the Customs Act, 1962, subject to the condition that the immunity could be withdrawn if material particulars were found to have been withheld or false evidence provided. en-us Mon, 29 Jan 2018 00:00:00 +0530 Wed, 27 Feb 2019 06:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278959 The application filed by Shri B.M. Rakesh, Managing Partner of M/s. Vriddhi Interiors, was deemed maintainable under Section 127L(i) of the Customs Act, 1962, by the Settlement Commission. Despite admitting to undervaluing goods to evade customs duty, Shri B.M. Rakesh was imposed a partial penalty of Rs. 20,000 for willful duty evasion. Additionally, he was granted immunity from prosecution under Section 127H of the Customs Act, 1962, subject to the condition that the immunity could be withdrawn if material particulars were found to have been withheld or false evidence provided. Case-Laws Customs Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278959