https://www.taxtmi.com/caselaws?id=111405 Rule 96ZP(3) was treated as prescribing a maximum penalty rather than an automatic 100% levy. Because duty and interest were not disputed, and the assessee later deposited the duty with conduct indicating bona fides, the penalty was considered excessive at the full amount. The penalty was therefore reduced, while the remaining part of the order was maintained. en-us Mon, 22 Dec 2003 00:00:00 +0530 Mon, 23 Apr 2012 13:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111405 Rule 96ZP(3) was treated as prescribing a maximum penalty rather than an automatic 100% levy. Because duty and interest were not disputed, and the assessee later deposited the duty with conduct indicating bona fides, the penalty was considered excessive at the full amount. The penalty was therefore reduced, while the remaining part of the order was maintained. Case-Laws Central Excise Mon, 22 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111405