https://www.taxtmi.com/caselaws?id=53502 Failure to pay duty within time under the compounded levy scheme attracted the fourth proviso to Rule 96ZO(3) of the Central Excise Rules, 1944 as a mandatory penalty provision. The provision was treated as pari materia with the corresponding steel re-roller rule, and the greater of the duty amount or the fixed sum of Rs. 5,000 was regarded as the only leviable penalty on default. Because the assessee delayed payment after abatement orders, equitable reduction was rejected. The reduced penalty fixed by the lower appellate authority was left undisturbed since the Revenue had not challenged that reduction, and the assessee's challenge failed. en-us Mon, 08 Nov 2004 00:00:00 +0530 Wed, 13 Oct 2010 16:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53502 Failure to pay duty within time under the compounded levy scheme attracted the fourth proviso to Rule 96ZO(3) of the Central Excise Rules, 1944 as a mandatory penalty provision. The provision was treated as pari materia with the corresponding steel re-roller rule, and the greater of the duty amount or the fixed sum of Rs. 5,000 was regarded as the only leviable penalty on default. Because the assessee delayed payment after abatement orders, equitable reduction was rejected. The reduced penalty fixed by the lower appellate authority was left undisturbed since the Revenue had not challenged that reduction, and the assessee's challenge failed. Case-Laws Central Excise Mon, 08 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53502