https://www.taxtmi.com/caselaws?id=341671 Penalty under Rule 96ZQ of the Central Excise Rules, 1944 was held unsustainable because the Supreme Court had already invalidated the interest and penalty provisions under Rules 96ZO, 96ZP and 96ZQ. Applying that settled position, no penalty could survive against an assessee governed by the compounded levy scheme under Section 3A of the Central Excise Act, 1944. The Revenue's challenge therefore failed, and the order dropping penalty was affirmed. en-us Wed, 29 Mar 2017 00:00:00 +0530 Fri, 14 Apr 2017 07:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341671 Penalty under Rule 96ZQ of the Central Excise Rules, 1944 was held unsustainable because the Supreme Court had already invalidated the interest and penalty provisions under Rules 96ZO, 96ZP and 96ZQ. Applying that settled position, no penalty could survive against an assessee governed by the compounded levy scheme under Section 3A of the Central Excise Act, 1944. The Revenue's challenge therefore failed, and the order dropping penalty was affirmed. Case-Laws Central Excise Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341671