Payment of Interest

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..... Dear Learned Friends, Liability towards shot-paid duty or service tax is fulfilled by debiting the cenvat account.. Can interest herein be paid from Cenvat Account or by only by making cash paymen .....

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..... t . Is payment of interest from cenvat account specifically forbidden by the relevant rules.Can you please clarify this . Thanks With Regards, K.Srivatsan - Reply By Pradeep Khatri - The Reply .....

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..... = Under Customs Act,1962 Central Excise Act,1944 and Finance Act,1994 , Interest and Penalties are required to be paid in cash only. There could not be any adjustment from the CENVAT credit Acc .....

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..... ount. - Reply By Naveed S - The Reply = Yes, and same for Payment of Penalty too.. - Payment of Interest - Query Started By: - Srivatsan Krishnamachari Dated:- 5-2-2014 Central Excise - Got 2 Repl .....

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..... ies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT .....

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..... MI - TMITax .....

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