https://www.taxtmi.com/caselaws?id=256344 Penalty under the compounded levy scheme was held mandatory for default in payment, because Rule 96ZP(3) of the Central Excise Rules was treated as pari materia with the provisions earlier upheld by the Supreme Court. The rule was understood to leave no discretion with appellate authorities to reduce the penalty once default was established. On that basis, the reduction ordered by the Commissioner (Appeals) and the Tribunal was held unsustainable, and the issue was answered in favour of the Revenue and against the assessee. en-us Thu, 29 Jan 2015 00:00:00 +0530 Tue, 10 Feb 2015 08:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256344 Penalty under the compounded levy scheme was held mandatory for default in payment, because Rule 96ZP(3) of the Central Excise Rules was treated as pari materia with the provisions earlier upheld by the Supreme Court. The rule was understood to leave no discretion with appellate authorities to reduce the penalty once default was established. On that basis, the reduction ordered by the Commissioner (Appeals) and the Tribunal was held unsustainable, and the issue was answered in favour of the Revenue and against the assessee. Case-Laws Central Excise Thu, 29 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256344