https://www.taxtmi.com/caselaws?id=34436 CENVAT credit on inputs could not be used to discharge duty on non-alloy steel ingots and billets cleared under the compounded levy scheme, because goods covered by Section 3A were excluded from the relevant input-credit regime. Rule 96ZO(3) was treated as permitting a maximum penalty equal to duty, not mandating that ceiling in every case, so a lesser penalty was justified on the facts. Interest on the duty demand remained payable because the rule imposed mandatory liability to interest on the duty amount demanded. Duty and interest were sustained, while the penalty was reduced. en-us Tue, 24 Jun 2008 00:00:00 +0530 Sun, 30 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34436 CENVAT credit on inputs could not be used to discharge duty on non-alloy steel ingots and billets cleared under the compounded levy scheme, because goods covered by Section 3A were excluded from the relevant input-credit regime. Rule 96ZO(3) was treated as permitting a maximum penalty equal to duty, not mandating that ceiling in every case, so a lesser penalty was justified on the facts. Interest on the duty demand remained payable because the rule imposed mandatory liability to interest on the duty amount demanded. Duty and interest were sustained, while the penalty was reduced. Case-Laws Central Excise Tue, 24 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34436