https://www.taxtmi.com/caselaws?id=102235 Where an assessee deposited cheques on the appointed date, interest and penalty were not leviable merely because the amount was credited to the Government account later, provided the delay was not attributable to the assessee. The Tribunal applied the relevant Trade Notice, which treated timely deposit as sufficient and carved out liability only where the assessee was at fault for the delay in credit. On that basis, the assessee was relieved from interest and penalty. en-us Thu, 21 Jun 2001 00:00:00 +0530 Tue, 14 Feb 2012 11:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102235 Where an assessee deposited cheques on the appointed date, interest and penalty were not leviable merely because the amount was credited to the Government account later, provided the delay was not attributable to the assessee. The Tribunal applied the relevant Trade Notice, which treated timely deposit as sufficient and carved out liability only where the assessee was at fault for the delay in credit. On that basis, the assessee was relieved from interest and penalty. Case-Laws Central Excise Thu, 21 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102235