Penalty for Late Duty Payment Under Compounded Levy Scheme Declared Ultra Vires, No Longer Enforceable. https://www.taxtmi.com/highlights?id=6494 Compounded Levy Scheme - penalty - rule providing for penalty equal to the monthly duty liability for delay in discharge of monthly duty liability by due date has been held to be ultra vires - AT en-us Tue, 15 Jan 2013 08:01:49 +0530 Tue, 15 Jan 2013 08:01:49 +0530 TaxTMI RSS Generator Penalty for Late Duty Payment Under Compounded Levy Scheme Declared Ultra Vires, No Longer Enforceable. https://www.taxtmi.com/highlights?id=6494 Compounded Levy Scheme - penalty - rule providing for penalty equal to the monthly duty liability for delay in discharge of monthly duty liability by due date has been held to be ultra vires - AT Highlights Central Excise Tue, 15 Jan 2013 08:01:49 +0530 https://www.taxtmi.com/highlights?id=6494