https://www.taxtmi.com/caselaws?id=152555 Under the compounding levy scheme for induction furnace units, Section 3A of the Central Excise Act, 1944 read with Rule 96-ZO provides alternative and mutually exclusive modes for duty determination. An assessee who elects the capacity-based compounding levy cannot later switch to actual production-based assessment for the same financial year or seek year-end redetermination of duty liability. The rule-making framework does not permit repeated or opportunistic changes in the chosen method. Duty, interest and penalty were therefore maintained on the basis of the elected compounding levy option. en-us Thu, 06 May 2010 00:00:00 +0530 Sat, 06 Jul 2013 15:07:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152555 Under the compounding levy scheme for induction furnace units, Section 3A of the Central Excise Act, 1944 read with Rule 96-ZO provides alternative and mutually exclusive modes for duty determination. An assessee who elects the capacity-based compounding levy cannot later switch to actual production-based assessment for the same financial year or seek year-end redetermination of duty liability. The rule-making framework does not permit repeated or opportunistic changes in the chosen method. Duty, interest and penalty were therefore maintained on the basis of the elected compounding levy option. Case-Laws Central Excise Thu, 06 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152555