https://www.taxtmi.com/caselaws?id=96140 PLA credit was available from the date the cheque was tendered to the Government banker, because the cheque was later encashed and was never dishonoured. Applying the governing payment rules, tender of a cheque operated as payment on the date of delivery, so the date of presentation of the cheque was treated as the relevant date for taking credit. The penalty order was set aside. en-us Mon, 23 Apr 2001 00:00:00 +0530 Sat, 17 Dec 2011 15:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96140 PLA credit was available from the date the cheque was tendered to the Government banker, because the cheque was later encashed and was never dishonoured. Applying the governing payment rules, tender of a cheque operated as payment on the date of delivery, so the date of presentation of the cheque was treated as the relevant date for taking credit. The penalty order was set aside. Case-Laws Central Excise Mon, 23 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96140