https://www.taxtmi.com/acts?id=49468 A new Chapter establishes the Customs and Central Excise Settlement Commission with power to constitute Benches, regulate procedure and exercise Central Excise Officer powers in admitted cases. It prescribes a settlement application process requiring full disclosure, fees and payment of admitted duty or secured instalments; allows the Commission to call reports, direct further investigation, and pass settlement orders stating duties, penalties, interest and payment terms. The Commission may grant conditional immunity, provisionally attach property, reopen or remit proceedings, and its settlement orders are conclusive on matters covered. en-us Fri, 21 Feb 2025 12:48:53 +0530 Fri, 21 Feb 2025 12:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49468 A new Chapter establishes the Customs and Central Excise Settlement Commission with power to constitute Benches, regulate procedure and exercise Central Excise Officer powers in admitted cases. It prescribes a settlement application process requiring full disclosure, fees and payment of admitted duty or secured instalments; allows the Commission to call reports, direct further investigation, and pass settlement orders stating duties, penalties, interest and payment terms. The Commission may grant conditional immunity, provisionally attach property, reopen or remit proceedings, and its settlement orders are conclusive on matters covered. Act-Rules F. Acts / Amendment Acts Fri, 21 Feb 2025 12:48:53 +0530 https://www.taxtmi.com/acts?id=49468