https://www.taxtmi.com/caselaws?id=52146 Duty under the compounded levy scheme was required to be paid in cash or through PLA, not by debiting Cenvat credit, although the adjustment on the facts caused no revenue loss because the exercise was revenue neutral. Failure to pay monthly compounded levy duty by the prescribed date attracted penalty under Rule 96ZP(3), since the duty default was undisputed, but the facts did not justify levy equal to the entire duty outstanding. The penalty was therefore moderated to Rs. 2 lakhs. en-us Wed, 16 Apr 2003 00:00:00 +0530 Fri, 01 Oct 2010 16:11:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52146 Duty under the compounded levy scheme was required to be paid in cash or through PLA, not by debiting Cenvat credit, although the adjustment on the facts caused no revenue loss because the exercise was revenue neutral. Failure to pay monthly compounded levy duty by the prescribed date attracted penalty under Rule 96ZP(3), since the duty default was undisputed, but the facts did not justify levy equal to the entire duty outstanding. The penalty was therefore moderated to Rs. 2 lakhs. Case-Laws Central Excise Wed, 16 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52146