https://www.taxtmi.com/caselaws?id=253176 Retrospective validating legislation preserved proceedings and penalties under the compounded levy scheme despite the omission of Section 3A of the Central Excise Act and related rules, so the objection based on loss of authority after omission failed. The Court also stated that, where Rule 96ZP(3) applies and contravention is established, the penalty follows as a statutory consequence and the Tribunal has no discretion to reduce it on equitable or hardship grounds. The validating amendment was treated as curing the defect in the prior regime, and the statutory penalty was sustained in substance. en-us Thu, 05 Dec 2013 00:00:00 +0530 Mon, 17 Nov 2014 11:39:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253176 Retrospective validating legislation preserved proceedings and penalties under the compounded levy scheme despite the omission of Section 3A of the Central Excise Act and related rules, so the objection based on loss of authority after omission failed. The Court also stated that, where Rule 96ZP(3) applies and contravention is established, the penalty follows as a statutory consequence and the Tribunal has no discretion to reduce it on equitable or hardship grounds. The validating amendment was treated as curing the defect in the prior regime, and the statutory penalty was sustained in substance. Case-Laws Central Excise Thu, 05 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253176