https://www.taxtmi.com/caselaws?id=235668 Penalty proceedings under Rule 96ZP(3) were held to be subject to a reasonable five-year limitation, even though the rule did not expressly prescribe one. Applying the binding High Court view, the Tribunal held that proceedings for failure to pay duty by the due date could not be initiated after expiry of five years, and the penalty could not be sustained. en-us Wed, 05 Jun 2013 00:00:00 +0530 Wed, 31 Jul 2013 07:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235668 Penalty proceedings under Rule 96ZP(3) were held to be subject to a reasonable five-year limitation, even though the rule did not expressly prescribe one. Applying the binding High Court view, the Tribunal held that proceedings for failure to pay duty by the due date could not be initiated after expiry of five years, and the penalty could not be sustained. Case-Laws Central Excise Wed, 05 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235668