2003 (9) TMI 675

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....t. [Order]. -  The appeal is only as regards the imposition of penalty of Rs. 5,000/- for the delay, determined in payment, of the amounts required to be paid, under the Annual Production Capacity fixed for this appellant, an assessee engaged in manufacture of iron and steel products. 2a. The appellant's case is that there was a change in parameters with effect from October, 4, 1997 w....

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....he total amount of duty payable under clause (a) by the 30th day of April, 1998, he shall also be liable to pay a penalty equal to the duty as on 30th day of April, 1998, or five thousand rupees, which is greater."            Therefore, it can not be heard that no penalty provision existed for delayed payments under Rule 96ZP prior to substitution....