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2014 (11) TMI 361 - CESTAT BANGALOREDefaults in payment of duty beyond thirty days - Held that:- assessee in such situation need not be required to pay the entire default amount in cash and take the CENVAT credit back into the CENVAT credit account instead they have to pay the interest liability on the default amount. That would be sufficient and once the interest amount is paid, the default can be considered as rectified. Following decision of SOLAR CHEMFERTS PVT. LTD. Versus COMMISSIONER OF CENTRAL EXCISE, THANE-I [2011 (6) TMI 640 - CESTAT, MUMBAI] - Decided partly in favour of assessee.
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