2004 (10) TMI 422

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..... . Heard both sides. 2. The contention of the Revenue is that under Rule 96ZQ(3), the respondents were required to pay 50% of the duty payable for the calendar month by 15th of the month and remaining amount at the end of the month. The respondents had failed to discharge duty liability of Rs. 4,00,000/- payable for the fortnight from 16-4-2000 to 30-4-2000 by the due date and discharged th .....

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..... tate of Madhya Pradesh v. Bharat Heavy Electricals - 1998 (99) E.L.T. 33 (S.C.). He stated that Madras High Court s decision is exactly on the particular point and High Court has held that penalty mentioned in the above said rule should be taken as only the maximum amount which was levied and the assessing authority has discretion even to levy lesser amount depending upon the facts and circumstanc .....

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