https://www.taxtmi.com/caselaws?id=751954 Under the compounded levy regime in Rule 96ZO(3) of the Central Excise Rules, an assessee's election for a financial year remained binding for that year unless validly withdrawn before the next financial year began. The scheme was optional, but the assessee did not file any written withdrawal before the start of the succeeding year and instead paid compounded duty for April 1998, indicating continued acceptance of the option. On that basis, a later attempt to shift to duty on actual production could not override the operative election for the year. 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 Under the compounded levy regime in Rule 96ZO(3) of the Central Excise Rules, an assessee's election for a financial year remained binding for that year unless validly withdrawn before the next financial year began. The scheme was optional, but the assessee did not file any written withdrawal before the start of the succeeding year and instead paid compounded duty for April 1998, indicating continued acceptance of the option. On that basis, a later attempt to shift to duty on actual production could not override the operative election for the year. Case-Laws Central Excise Tue, 23 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751954