https://www.taxtmi.com/caselaws?id=118903 Under the compounded levy scheme, duty liability continued during the relevant period unless the assessee obtained abatement for factory closure. Where no abatement was claimed and no valid protest was made, belated payment of duty did not remove exposure to the mandatory penalty under Rule 96ZP(3) of the Central Excise Rules, 1944. The appellate authority's reduced penalties were treated as a fair exercise of discretion, and no further waiver or reduction was justified on the facts stated. en-us Wed, 09 Nov 2005 00:00:00 +0530 Fri, 06 Jul 2012 15:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118903 Under the compounded levy scheme, duty liability continued during the relevant period unless the assessee obtained abatement for factory closure. Where no abatement was claimed and no valid protest was made, belated payment of duty did not remove exposure to the mandatory penalty under Rule 96ZP(3) of the Central Excise Rules, 1944. The appellate authority's reduced penalties were treated as a fair exercise of discretion, and no further waiver or reduction was justified on the facts stated. Case-Laws Central Excise Wed, 09 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118903