Home Case Index All Cases Customs Customs + HC Customs - 2020 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (4) TMI 48 - HC - CustomsRate of Interest on duty as per the order of Settlement Commission - Interest rate reduced from 24% to 15% - EPCG Scheme - Failure to discharge export obligation - benefit of Notification No.28/97- customs dated 01.04.1997 - HELD THAT:- The Notification was amended by Notification No.46/2013-cus dated 26.09.2013. The said amendment has kept interest to maximum amount. However, by the time said Notification was issued, the impugned order had been passed - 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. In fact as per 127H(2) of the Customs Act, 1962, an immunity granted shall stand withdrawn if such person fails to pay any sum specified in the order of the Settlement Commission within the specified time or fails to comply with any other conditions subject to which the immunity was granted and upon the provisions of this act shall apply as if such immunity had not been granted. Petition dismissed.
|