TaxTMI 
TaxTMI 
TaxTMI 
can we adjust the interst due to delay payment of central excise from cenvat credit amount
please guide me relating this matter.
With regards
Nandalal Kanungo
Interst due to delay payment of central excise
Nandalal Kanungo
Interest on Central Excise Delays Must Be Paid in Cash, Not via CENVAT Credit, Say Experts. A query was raised regarding whether interest due to delayed payment of central excise can be adjusted using the CENVAT credit amount. Four individuals responded, unanimously agreeing that interest and penalties must be paid in cash through a GAR-7 Challan or through the Personal Ledger Account (PLA) and cannot be adjusted via the CENVAT credit account. The responders emphasized that the interest and CENVAT credit are under different account heads, necessitating separate cash payments for the interest. (AI Summary)