https://www.taxtmi.com/caselaws?id=2831 Delayed payment of duty under Rule 173GG(3) attracted interest and penalty, but the penalty power was discretionary and had to stay within the proviso limiting duty, interest and penalty to the value of clearances. Because the duty default was small and the interest payment had already neutralised any pecuniary benefit from the delay, a grossly disproportionate penalty was held unwarranted. The penalty was therefore reduced to a nominal amount, and the appeal succeeded to that extent. en-us Thu, 26 Jul 2007 00:00:00 +0530 Wed, 16 Apr 2008 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2831 Delayed payment of duty under Rule 173GG(3) attracted interest and penalty, but the penalty power was discretionary and had to stay within the proviso limiting duty, interest and penalty to the value of clearances. Because the duty default was small and the interest payment had already neutralised any pecuniary benefit from the delay, a grossly disproportionate penalty was held unwarranted. The penalty was therefore reduced to a nominal amount, and the appeal succeeded to that extent. Case-Laws Central Excise Thu, 26 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2831