2015 (10) TMI 850

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....Santa Mitra, Advocate for the respondent The Court: It appears that the Settlement Commission in its order dated 28th March 2014 has not made a correct interpretation of Section 32-O(i) of the Central Excise Act, which is reproduced below: "32-O. ... [Where, [***]]- (i) an order of settlement passed under sub-section (7) of section 32F [, as it stood immediately before the commencement....

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....und of imposition of that penalty was concealment of particulars of duty liability. Section 32E enacts in very clear terms that an assessee may in a case relating to him make an application after issuance of the show-cause notice but before adjudication, to the Settlement Commission to have the case settled. Such application has to be in a prescribed form with full and true disclosure of the ap....