https://www.taxtmi.com/caselaws?id=415306 Penalty deposited under Rule 173Q of the Central Excise Rules, 1944 was refundable because, on the governing compound levy scheme for hot re-rolled steel products, the penalty levy was inapplicable and could not be sustained. The refusal to refund was based on an incorrect assumption that no appeal had been filed against the original penalty orders, although later adjudication had already dropped the penalty proceedings. Binding Supreme Court precedent was applied, and the earlier order denying refund was set aside to that extent, with consequential refund relief granted to the assessee. en-us Thu, 02 Dec 2021 00:00:00 +0530 Fri, 03 Dec 2021 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415306 Penalty deposited under Rule 173Q of the Central Excise Rules, 1944 was refundable because, on the governing compound levy scheme for hot re-rolled steel products, the penalty levy was inapplicable and could not be sustained. The refusal to refund was based on an incorrect assumption that no appeal had been filed against the original penalty orders, although later adjudication had already dropped the penalty proceedings. Binding Supreme Court precedent was applied, and the earlier order denying refund was set aside to that extent, with consequential refund relief granted to the assessee. Case-Laws Central Excise Thu, 02 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415306