https://www.taxtmi.com/caselaws?id=111814 Penalty for delayed payment of compounded duty under Rule 96ZNC was held to be excessive where the duty had already been discharged, the delay was for short periods, and interest at 24% had been paid on the delayed remittances. On those facts, the penalty was treated as discretionary rather than automatic, and it was reduced from an amount equal to the duty to a fixed sum of Rs. 25,000. en-us Wed, 26 May 2004 00:00:00 +0530 Wed, 25 Apr 2012 13:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111814 Penalty for delayed payment of compounded duty under Rule 96ZNC was held to be excessive where the duty had already been discharged, the delay was for short periods, and interest at 24% had been paid on the delayed remittances. On those facts, the penalty was treated as discretionary rather than automatic, and it was reduced from an amount equal to the duty to a fixed sum of Rs. 25,000. Case-Laws Central Excise Wed, 26 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111814