https://www.taxtmi.com/caselaws?id=751954 The Allahabad HC dismissed the application regarding withdrawal from the compounding scheme under Section 3A of the Central Excise Act. The court held that the applicant could not withdraw from the compounding scheme mid-year for FY 1998-99 after paying compounding fees for April 1998. The applicant's communication dated 15.6.1998 expressing intent to discharge duty on actual production basis was contradicted by its earlier payment of compounding fees. The court ruled that once the compounding scheme option is exercised for a financial year, it cannot be withdrawn midway. Any withdrawal application must be made before the beginning of the financial year and before paying compounding fees. en-us Tue, 23 Apr 2024 00:00:00 +0530 Wed, 01 May 2024 07:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751954 The Allahabad HC dismissed the application regarding withdrawal from the compounding scheme under Section 3A of the Central Excise Act. The court held that the applicant could not withdraw from the compounding scheme mid-year for FY 1998-99 after paying compounding fees for April 1998. The applicant's communication dated 15.6.1998 expressing intent to discharge duty on actual production basis was contradicted by its earlier payment of compounding fees. The court ruled that once the compounding scheme option is exercised for a financial year, it cannot be withdrawn midway. Any withdrawal application must be made before the beginning of the financial year and before paying compounding fees. Case-Laws Central Excise Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751954