https://www.taxtmi.com/caselaws?id=427181 The Tribunal allowed the appeals filed by the appellant company and the Managing Director, setting aside the impugned order. The demand of Central Excise duty and the penalty imposed were found to be based on assumptions and presumptions, not permissible under the compounded levy scheme. The Tribunal emphasized that duty under the compounded levy scheme is based on the number of packing machines, not on actual production, and no undeclared machines were found during the investigation. The Tribunal also found the invocation of the extended period of limitation to be unjustified. en-us Fri, 02 Sep 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427181 The Tribunal allowed the appeals filed by the appellant company and the Managing Director, setting aside the impugned order. The demand of Central Excise duty and the penalty imposed were found to be based on assumptions and presumptions, not permissible under the compounded levy scheme. The Tribunal emphasized that duty under the compounded levy scheme is based on the number of packing machines, not on actual production, and no undeclared machines were found during the investigation. The Tribunal also found the invocation of the extended period of limitation to be unjustified. Case-Laws Central Excise Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427181