2008 (9) TMI 382

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..... question raised in these Writ Petitions is, whether the Settlement Commission was justified in levying penalty and directing the Petitioners to pay interest @ 10% for the entire amount of customs duty settled at Rs. 1,41,53,468/- ? 3. Before the Settlement Commission, the petitioners had contended that in the absence of any specific provision under the Act, the penalty and interest cannot be lev .....

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..... by the petitioners regarding levy of penalty and interest has not been considered by the Commission. 6. In this view of the matter, all the Writ Petitions are disposed off by passing the following order. (a) the orders passed by the Settlement Commission which are impugned in the respective petitions are quashed and set aside in so far as the said order relates to imposition of penalty and in .....

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