https://www.taxtmi.com/caselaws?id=121650 Penalty for delayed payment of duty under Rule 96ZO was upheld where the delay was admitted and duty was paid with interest after a short lapse. The relevant factors for penalty assessment were the length of delay, the amount of duty involved and the reasons for the delay. On the facts, the delay still attracted liability to penalty, but the quantum was reduced to Rs. 1 lakh. en-us Mon, 12 Feb 2007 00:00:00 +0530 Wed, 01 Aug 2012 12:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121650 Penalty for delayed payment of duty under Rule 96ZO was upheld where the delay was admitted and duty was paid with interest after a short lapse. The relevant factors for penalty assessment were the length of delay, the amount of duty involved and the reasons for the delay. On the facts, the delay still attracted liability to penalty, but the quantum was reduced to Rs. 1 lakh. Case-Laws Central Excise Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121650