https://www.taxtmi.com/caselaws?id=117792 Notification No. 58/97-C.E. allowed payment for inputs by cheque drawn on the assessee's own bank account, bank draft, or banker's cheque. The key issue was whether payment through a bank demand draft under a letter of credit satisfied this condition. The record, including the bank certificate, showed that the consignments were paid for by bank demand draft and that the notification did not require the draft to be drawn from the assessee's own account. The appellants therefore met the notification requirement and were entitled to the exemption. en-us Tue, 21 Mar 2006 00:00:00 +0530 Tue, 26 Jun 2012 15:44:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117792 Notification No. 58/97-C.E. allowed payment for inputs by cheque drawn on the assessee's own bank account, bank draft, or banker's cheque. The key issue was whether payment through a bank demand draft under a letter of credit satisfied this condition. The record, including the bank certificate, showed that the consignments were paid for by bank demand draft and that the notification did not require the draft to be drawn from the assessee's own account. The appellants therefore met the notification requirement and were entitled to the exemption. Case-Laws Central Excise Tue, 21 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117792