https://www.taxtmi.com/caselaws?id=120143 Liability under the compounded levy scheme under Rule 96ZQ arises only after the annual capacity of production is finally determined by the competent authority. Where capacity is fixed merely on a provisional basis, the statutory precondition for invoking delayed-payment consequences is not met, and interest and penalty cannot be sustained. On the facts, no final determination had been made, so the demand for interest and penalty was set aside and the Revenue's challenge failed. en-us Wed, 04 Oct 2006 00:00:00 +0530 Tue, 17 Jul 2012 12:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120143 Liability under the compounded levy scheme under Rule 96ZQ arises only after the annual capacity of production is finally determined by the competent authority. Where capacity is fixed merely on a provisional basis, the statutory precondition for invoking delayed-payment consequences is not met, and interest and penalty cannot be sustained. On the facts, no final determination had been made, so the demand for interest and penalty was set aside and the Revenue's challenge failed. Case-Laws Central Excise Wed, 04 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120143