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2019 (10) TMI 65 - HC - CustomsImposition of Interest - Jurisdiction of Settlement Commission to consider the claim of the petitioner for waiver of interest - HELD THAT:- Reliance placed in the case of REXNORD ELECTRONICS AND CONTROLS LTD VERSUS UNION OF INDIA AND OTHERS [2008 (3) TMI 8 - SUPREME COURT] where Settlement Commission, has taken note of the provisions of Section 127 H and has exercised discretion concluding that interest upto 90% would be liable to be waived. It is deemed fit to remit the matter back to the file of the Settlement Commission to be decided afresh in accordance with law and in line with the judgment of the Supreme Court in the case of Rexnord Electronics - petition allowed by way of remand.
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