Petitioner Liable for Full Year's Excise Duty Despite Ceased Operations Under Compounded Levy Scheme Terms.

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....Recovery of Excise Duty - Compounded Levy Scheme - When the petitioner admits that he was paying the excise duty under the Compounded Levy Scheme and he is bound by the scheme and further, the petitioner admitted the fact that the production unit was closed with effect from 26.04.1999, the petitioner is liable to pay excise duty for the whole year as claimed by the Department. - HC....