https://www.taxtmi.com/caselaws?id=106422 Payment of excise duty by cheque is treated as made on the date the cheque is received and tendered, not on the later date when its proceeds are realised. Applying that principle under the Cenvat Rules, 2001, the Tribunal held that delay cannot be alleged merely because bank realisation occurred later if the cheque was tendered by the due date. The assessee was therefore not in default, and the Revenue's challenge failed. en-us Mon, 01 Jul 2002 00:00:00 +0530 Wed, 14 Mar 2012 11:23:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106422 Payment of excise duty by cheque is treated as made on the date the cheque is received and tendered, not on the later date when its proceeds are realised. Applying that principle under the Cenvat Rules, 2001, the Tribunal held that delay cannot be alleged merely because bank realisation occurred later if the cheque was tendered by the due date. The assessee was therefore not in default, and the Revenue's challenge failed. Case-Laws Central Excise Mon, 01 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106422