https://www.taxtmi.com/caselaws?id=266272 Under the compounded levy regime, delayed payment of duty attracted mandatory interest and an equal penalty where the governing provision expressly so required. The CESTAT held that, once duty remained unpaid within time and was later discharged, the adjudicating authority had no statutory discretion to waive or reduce either component. Relying on the mandatory nature of the compounded levy provision and the cited precedent, the order confirming interest and penalty was sustained and the challenge failed. en-us Wed, 13 May 2015 00:00:00 +0530 Mon, 19 Oct 2015 08:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266272 Under the compounded levy regime, delayed payment of duty attracted mandatory interest and an equal penalty where the governing provision expressly so required. The CESTAT held that, once duty remained unpaid within time and was later discharged, the adjudicating authority had no statutory discretion to waive or reduce either component. Relying on the mandatory nature of the compounded levy provision and the cited precedent, the order confirming interest and penalty was sustained and the challenge failed. Case-Laws Central Excise Wed, 13 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266272