https://www.taxtmi.com/caselaws?id=48481 Penalty under Rule 96ZP(3) of the Central Excise Rules is attracted by failure to pay duty within the prescribed time and is not dependent on when the show cause notice is issued. The High Court, applying binding precedent, held that the Tribunal's reduction of penalty was a discretionary exercise and found no legal infirmity or irregularity in that approach. On that basis, no substantial question of law arose from the reduction, and the appellate challenge failed. en-us Tue, 19 Aug 2008 00:00:00 +0530 Wed, 04 Aug 2010 16:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48481 Penalty under Rule 96ZP(3) of the Central Excise Rules is attracted by failure to pay duty within the prescribed time and is not dependent on when the show cause notice is issued. The High Court, applying binding precedent, held that the Tribunal's reduction of penalty was a discretionary exercise and found no legal infirmity or irregularity in that approach. On that basis, no substantial question of law arose from the reduction, and the appellate challenge failed. Case-Laws Central Excise Tue, 19 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48481