Settlement Commission Cuts Duty Interest Rate to 15% u/s 127J of Customs Act; Decision is Final and Binding.

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Full Text of the Document

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....Rate of Interest on duty as per the order of Settlement Commission - Interest rate reduced from 24% to 15% - there are no reasons to interfere with the impugned order. That apart the order of a Settlement Commission is final and conclusive in terms of Section 127J of the Customs Act, 1962. - Immunity granted by the commission if its order not complied with accordingly.....