https://www.taxtmi.com/caselaws?id=34398 Interest on short-levied customs duty arising from suppression or wilful misstatement is compensatory and follows by operation of law. The Settlement Commission could include such interest in the terms of settlement because its jurisdiction extends to matters covered by the application and other case-related issues, including duty, penalty and interest. On that basis, the direction to pay interest was within jurisdiction and the challenge failed. The judgment did not decide whether a fresh notice would be required where a person was not before the Settlement Commission. en-us Wed, 12 Aug 2009 00:00:00 +0530 Wed, 23 Jun 2010 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34398 Interest on short-levied customs duty arising from suppression or wilful misstatement is compensatory and follows by operation of law. The Settlement Commission could include such interest in the terms of settlement because its jurisdiction extends to matters covered by the application and other case-related issues, including duty, penalty and interest. On that basis, the direction to pay interest was within jurisdiction and the challenge failed. The judgment did not decide whether a fresh notice would be required where a person was not before the Settlement Commission. Case-Laws Customs Wed, 12 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34398