https://www.taxtmi.com/caselaws?id=116972 Where central excise duty is paid by cheque, the date of payment is the date the cheque is presented in the bank, provided the cheque is subsequently realised and not dishonoured. The Tribunal applied the Board circular clarifying that credit can be recognised from the presentation date even if the amount reaches the Government account on the next day. On that basis, the respondent was entitled to treat the duty as paid on presentation of the cheque, and the Revenue's appeal failed. en-us Tue, 13 Jul 2004 00:00:00 +0530 Tue, 19 Jun 2012 12:50:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116972 Where central excise duty is paid by cheque, the date of payment is the date the cheque is presented in the bank, provided the cheque is subsequently realised and not dishonoured. The Tribunal applied the Board circular clarifying that credit can be recognised from the presentation date even if the amount reaches the Government account on the next day. On that basis, the respondent was entitled to treat the duty as paid on presentation of the cheque, and the Revenue's appeal failed. Case-Laws Central Excise Tue, 13 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116972