https://www.taxtmi.com/caselaws?id=111694 Duty under the compounded levy scheme was confined to the period of actual factory operation where closure for part of the year was admitted, and the absence of surrender of the registration certificate was not decisive. The proviso to Section 3A(2) required proportionate assessment in such circumstances, so no duty was payable for the closed period. On settlement, the applicant's full and true disclosure, payment of the admitted amount, and cooperation satisfied the statutory conditions, and immunity from interest and penalty was granted. The matter was settled on the terms recorded by the Commission. en-us Mon, 19 Apr 2004 00:00:00 +0530 Tue, 24 Apr 2012 17:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111694 Duty under the compounded levy scheme was confined to the period of actual factory operation where closure for part of the year was admitted, and the absence of surrender of the registration certificate was not decisive. The proviso to Section 3A(2) required proportionate assessment in such circumstances, so no duty was payable for the closed period. On settlement, the applicant's full and true disclosure, payment of the admitted amount, and cooperation satisfied the statutory conditions, and immunity from interest and penalty was granted. The matter was settled on the terms recorded by the Commission. Case-Laws Central Excise Mon, 19 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111694