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2015 (10) TMI 1547 - AT - Central ExciseDuty liability under Rule 96ZP(3) - penalty under Rule 96ZP(3) - compounded levy scheme - Held that:- No discretion is provided to any authority either to reduce or to waive penalty and interest in any circumstances, therefore when there is admitted delay in the payment under compounded levy scheme the interest and penalty as provided under above proviso shall unavoidably imposed. - plain reading of Rule 96ZP(3) of the Central Excise Act,1944, penalty and interest were rightly imposed by the adjudicating authority and upheld by the Ld. Commissioner (Appeals) which do not require any interference. Therefore impugned order is upheld - Decision in the case of Kannapiran Steel Re-rolling Mills (2010 (12) TMI 146 - SUPREME COURT OF INDIA) relied upon - Decided against assessee.
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