https://www.taxtmi.com/caselaws?id=168934 Under the compounded levy scheme, the penalty for delayed duty payment under Rule 96ZO was treated as discretionary rather than automatically equal to the full duty amount. The authority was held entitled to consider the nature of the default and the surrounding facts and circumstances in fixing the quantum of penalty. On that basis, a lesser penalty could be imposed in an appropriate case, and the penalty need not be compulsorily imposed at the maximum level prescribed by the rule. en-us Wed, 24 Nov 2004 00:00:00 +0530 Mon, 06 Apr 2015 18:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168934 Under the compounded levy scheme, the penalty for delayed duty payment under Rule 96ZO was treated as discretionary rather than automatically equal to the full duty amount. The authority was held entitled to consider the nature of the default and the surrounding facts and circumstances in fixing the quantum of penalty. On that basis, a lesser penalty could be imposed in an appropriate case, and the penalty need not be compulsorily imposed at the maximum level prescribed by the rule. Case-Laws Central Excise Wed, 24 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168934