https://www.taxtmi.com/caselaws?id=349951 Interest and penalty imposed under the compounded levy scheme were held unsustainable where the duty demand itself was not disputed and was maintained. The challenge was confined to the levy of interest and penalty, and the CESTAT applied the Supreme Court ruling in Shree Bhagwati Steel Rolling Mills, which had invalidated such interest and penalty under the relevant compounded levy provisions. On that basis, the impugned interest demand and penalty were set aside, while the underlying duty liability remained undisturbed. en-us Mon, 31 Jul 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349951 Interest and penalty imposed under the compounded levy scheme were held unsustainable where the duty demand itself was not disputed and was maintained. The challenge was confined to the levy of interest and penalty, and the CESTAT applied the Supreme Court ruling in Shree Bhagwati Steel Rolling Mills, which had invalidated such interest and penalty under the relevant compounded levy provisions. On that basis, the impugned interest demand and penalty were set aside, while the underlying duty liability remained undisturbed. Case-Laws Central Excise Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349951