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2001 (6) TMI 227 - SETTLEMENT COMMISSION, CUSTOMS & CENTRAL EXCISE, CExtract: ....... proceeds. 11. emsp With the admission of this application, the Settlement Commission acquires exclusive jurisdiction to exercise the powers and perform the functions of any officer of the Customs under the Customs Act, 1962 by virtue of sub-section (2) of Section 127F of the Customs Act, 1962. All concerned shall note the same and act accordingly.
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