https://www.taxtmi.com/caselaws?id=121067 The Appellate Tribunal CESTAT, New Delhi allowed the appellant's appeal in a case concerning a delay in duty deposit under the Compounded Levy Scheme, leading to penalty imposition. Relying on legal precedents and previous decisions, the Tribunal concluded that the penalty should be quashed as the duty and interest were paid before the show cause notice proposing the penalty was issued. The Tribunal emphasized the importance of timely penal proceedings and upheld the appellant's argument, providing consequential relief by allowing the stay application and the appeal. en-us Thu, 03 Aug 2006 00:00:00 +0530 Thu, 26 Jul 2012 13:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121067 The Appellate Tribunal CESTAT, New Delhi allowed the appellant's appeal in a case concerning a delay in duty deposit under the Compounded Levy Scheme, leading to penalty imposition. Relying on legal precedents and previous decisions, the Tribunal concluded that the penalty should be quashed as the duty and interest were paid before the show cause notice proposing the penalty was issued. The Tribunal emphasized the importance of timely penal proceedings and upheld the appellant's argument, providing consequential relief by allowing the stay application and the appeal. Case-Laws Central Excise Thu, 03 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121067