https://www.taxtmi.com/caselaws?id=331918 Under the compounded levy scheme, annual production capacity could not be fixed on the basis of two furnaces where the assessee had intimated operation of only one furnace and the record contained no evidence that both furnaces were working for the relevant month. Duty was therefore required to be recalculated on the basis of one furnace, as fixation on assumptions and presumptions was unsustainable. On the effect of omission of the relevant compounded levy provisions, interest and penalty were not enforceable, although the duty component remained protected. The payable amount was to be recomputed accordingly. en-us Tue, 26 Jul 2016 00:00:00 +0530 Mon, 05 Sep 2016 14:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331918 Under the compounded levy scheme, annual production capacity could not be fixed on the basis of two furnaces where the assessee had intimated operation of only one furnace and the record contained no evidence that both furnaces were working for the relevant month. Duty was therefore required to be recalculated on the basis of one furnace, as fixation on assumptions and presumptions was unsustainable. On the effect of omission of the relevant compounded levy provisions, interest and penalty were not enforceable, although the duty component remained protected. The payable amount was to be recomputed accordingly. Case-Laws Central Excise Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331918