Introduction on Settlement Commission :
Settlement Commission was set up to evolve a mechanism for speedy settlement of cases involving high revenue stakes. This is an alternative channel for resolution of dispute for assessees without going into the prolonged litigation in adjudication/appeals/revisions etc.
Customs, Central Excise and Service Tax Settlement Commission is constituted by Central Government. Section 127A to 127N contained in Chapter XIV A of the Customs Act deals with the provisions relating to settlement of cases. Presently, four Benches in the Settlement Commission have been constituted and are functioning at Delhi , Mumbai, Kolkata and Chennai.