https://www.taxtmi.com/caselaws?id=114497 Discharge of excise duty by cheque was held to contravene Rule 9(1) where PLA credit was taken on the date of issue but the cheques were encashed only after a delay. The availability of sufficient funds and eventual honouring of the cheques was not treated as a complete answer, because it did not comply with the prescribed manner of payment. The precedent relied on by the appellants on cheque payment did not assist on the penalty question, as the present penalty arose from non-compliance with the statutory mode of payment. The penalty was therefore maintained but reduced. en-us Wed, 15 Sep 2004 00:00:00 +0530 Wed, 16 May 2012 11:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114497 Discharge of excise duty by cheque was held to contravene Rule 9(1) where PLA credit was taken on the date of issue but the cheques were encashed only after a delay. The availability of sufficient funds and eventual honouring of the cheques was not treated as a complete answer, because it did not comply with the prescribed manner of payment. The precedent relied on by the appellants on cheque payment did not assist on the penalty question, as the present penalty arose from non-compliance with the statutory mode of payment. The penalty was therefore maintained but reduced. Case-Laws Central Excise Wed, 15 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114497