https://www.taxtmi.com/caselaws?id=774218 A settlement authority under the Customs Act, 1962 can grant immunity only within that statute's limits. Here, the settlement proceedings were confined to customs duty, interest and related reliefs arising from DEEC, DEPB and drawback matters, so they did not amount to adjudication or settlement of prosecution under the Foreign Exchange Regulation Act, 1973. The Commission also had no competence to confer immunity for FERA offences, because Chapter XIV-A of the Customs Act extends only to customs matters and FERA provides its own immunity mechanism. Accordingly, any purported immunity from FERA prosecution was legal effect, and the rejection of the discharge application was upheld. en-us Sat, 28 Jun 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774218 A settlement authority under the Customs Act, 1962 can grant immunity only within that statute's limits. Here, the settlement proceedings were confined to customs duty, interest and related reliefs arising from DEEC, DEPB and drawback matters, so they did not amount to adjudication or settlement of prosecution under the Foreign Exchange Regulation Act, 1973. The Commission also had no competence to confer immunity for FERA offences, because Chapter XIV-A of the Customs Act extends only to customs matters and FERA provides its own immunity mechanism. Accordingly, any purported immunity from FERA prosecution was legal effect, and the rejection of the discharge application was upheld. Case-Laws FEMA Sat, 28 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774218