https://www.taxtmi.com/caselaws?id=118688 For default in timely payment of duty under the compounded levy scheme, penalty under Rule 96ZO(3) was held leviable, but the authority was not bound to impose the full duty amount as penalty in every case. The provision, though couched in mandatory terms, permitted discretion on quantum having regard to the circumstances, including financial difficulty and absence of mala fide intent. On that basis, the reduced penalty was set aside and enhanced to Rs. 50,000, with the order modified accordingly. en-us Tue, 16 Nov 2004 00:00:00 +0530 Thu, 05 Jul 2012 11:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118688 For default in timely payment of duty under the compounded levy scheme, penalty under Rule 96ZO(3) was held leviable, but the authority was not bound to impose the full duty amount as penalty in every case. The provision, though couched in mandatory terms, permitted discretion on quantum having regard to the circumstances, including financial difficulty and absence of mala fide intent. On that basis, the reduced penalty was set aside and enhanced to Rs. 50,000, with the order modified accordingly. Case-Laws Central Excise Tue, 16 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118688