https://www.taxtmi.com/caselaws?id=120021 Under the compounded levy scheme, failure to pay monthly duty by the prescribed due date attracts mandatory interest at 18% per annum under Rule 96ZP(3), because the later capacity-determination order only quantifies an already existing statutory liability. The provision makes interest payable from the due date until actual payment and leaves no discretion to waive it. Recoveries under the compounded levy scheme are also treated as distinct from ordinary central excise demands, so the general limitation period under Section 11A does not apply to such proceedings. en-us Wed, 18 Oct 2006 00:00:00 +0530 Mon, 16 Jul 2012 13:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120021 Under the compounded levy scheme, failure to pay monthly duty by the prescribed due date attracts mandatory interest at 18% per annum under Rule 96ZP(3), because the later capacity-determination order only quantifies an already existing statutory liability. The provision makes interest payable from the due date until actual payment and leaves no discretion to waive it. Recoveries under the compounded levy scheme are also treated as distinct from ordinary central excise demands, so the general limitation period under Section 11A does not apply to such proceedings. Case-Laws Central Excise Wed, 18 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120021