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2009 (9) TMI 764

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..... f MS ingots and operating under Section 3A of the Central Excise Act, 1944 and covered by the Induction Furnace Annual Capacity Determination Rules, 1997 had opted to pay duty monthly under the provisions of Rule 96ZO(3) of the Central Excise Rules. The total capacity of their furnace was determined as 6 MTs and annual capacity of production as 19,200 MTs. During the period April to December 98, .....

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..... 30-6-01. Vide the impugned order, interest has been levied and penalty imposed upon the assessees on the ground that duty of Rs. 3,59,076/- was not paid at the material point of time; hence this appeal. 2. We have heard both sides. Rule 96ZO(3) is reproduced herein :- where a manufacturer fails to pay the whole of the amount payable for any month by the 15th day or the last day of such month, .....

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