https://www.taxtmi.com/caselaws?id=123602 Where duty payment under the compounded levy scheme is delayed by only one day and the duty is paid the next day, penalty under Rule 96ZQ(5)(ii) need not be imposed at an amount equal to the outstanding duty if there is no indication of intent to evade. The penalty should be proportionate to the circumstances and commensurate with any gain, if any, made by the assessee. On that basis, the minimum prescribed penalty of Rs. 5,000 was treated as appropriate. en-us Thu, 26 Apr 2007 00:00:00 +0530 Tue, 18 Sep 2012 13:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123602 Where duty payment under the compounded levy scheme is delayed by only one day and the duty is paid the next day, penalty under Rule 96ZQ(5)(ii) need not be imposed at an amount equal to the outstanding duty if there is no indication of intent to evade. The penalty should be proportionate to the circumstances and commensurate with any gain, if any, made by the assessee. On that basis, the minimum prescribed penalty of Rs. 5,000 was treated as appropriate. Case-Laws Central Excise Thu, 26 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123602