Settlement Commission Grants Immunity from Prosecution Under Customs Act 1962, Section 58(3), Protecting Bonded Warehouse Licenses.

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....Renewal of warehouse license - Private Bonded Ware House License - Settlement Commission granted immunity from prosecution and penalty - The immunity granted against prosecution under the Customs Act, 1962 will include, the above proceedings initiated u/s 58(3) also which has culminated in the order revoking the license issued to the appellant. Therefore the settlement of the dispute cannot be a ground for not renewing/revoking the license. - AT....