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2014 (2) TMI 451 - CESTAT NEW DELHIPayment of duty through CENVAT Credit or PLA - Imposition of Penalty of identical amount - appellant defaulted in payment of duty during the period February, and March, 2008 and the said default was made good on 23.7.08 when the appellant paid the entire duty along with interest - Held that:- period involved in the present appeal is admittedly after 23.7.08 i.e. December 2009 to August, 2010. In terms of provisions of Rule 8, the default period would result in assessee’s liability to pay duty on consignment basis till the date assessee pays the outstand amount including interest. Admittedly the respondents had paid the amount on 23.7.08 and thereafter he would be entitled to utilize the credit for payment of duty in respect of subsequent clearances - Following decision of Meenakashi Associates vs. CCE, NOIDA [2012 (6) TMI 275 - CESTAT, NEW DELHI] - Decided against Revenue.
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