2000 (8) TMI 150

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....ics operating under Rule 96ZQ of the Central Excise Rules, 1944. Sub-rule (3) requires 50% of the duty determined as payable for the month to be paid by the 15th of the month and remainder to be paid by the end of that month. Sub-Rule (5) prescribed that in the event of delay interest was payable from the due date to the date of actual payment and also that a penalty equal to Rs. 5,000/- or the am....

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....or waiver of pre-deposit of the penalty. 2. For reasons recorded hereafter I waive the requirement of pre-deposit and proceed to decide the appeal. 3. The assessees had given a lucid explanation as to why the delay was caused. The high-handed and erratic behaviour on the nationalised banks is the bane of all persons dealing with them. The Commissioner's stand was unduly rigid. Ordinarily I w....