https://www.taxtmi.com/caselaws?id=351552 The mandatory penalty and interest imposed under Rule 96ZP of the Central Excise Rules, 1944 were unsustainable after the Supreme Court in Shree Bhagwati Steel Rolling Mills struck down the underlying compounded levy provisions. Applying that binding ruling, the Tribunal held that the levy could not be upheld and set aside the penalty and interest. The remaining portions of the impugned order were left undisturbed. en-us Thu, 24 Aug 2017 00:00:00 +0530 Tue, 28 Nov 2017 07:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351552 The mandatory penalty and interest imposed under Rule 96ZP of the Central Excise Rules, 1944 were unsustainable after the Supreme Court in Shree Bhagwati Steel Rolling Mills struck down the underlying compounded levy provisions. Applying that binding ruling, the Tribunal held that the levy could not be upheld and set aside the penalty and interest. The remaining portions of the impugned order were left undisturbed. Case-Laws Central Excise Thu, 24 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351552