https://www.taxtmi.com/caselaws?id=207732 Duty on removal of inputs and capital goods could be discharged under the monthly payment facility in Rule 8 of the Central Excise Rules, and that facility was not confined to final products. On that reasoning, payment made on the 5th day of the following month in accordance with the monthly scheme did not warrant levy of interest or penalty. Earlier Tribunal decisions treating the issue as settled were followed, and the absence of any surviving recoverable default was reinforced by the dropping of subsequent proceedings on the same ground. The interest demand and penalty were therefore set aside in favour of the assessee. en-us Wed, 09 Mar 2011 00:00:00 +0530 Fri, 23 Dec 2011 07:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207732 Duty on removal of inputs and capital goods could be discharged under the monthly payment facility in Rule 8 of the Central Excise Rules, and that facility was not confined to final products. On that reasoning, payment made on the 5th day of the following month in accordance with the monthly scheme did not warrant levy of interest or penalty. Earlier Tribunal decisions treating the issue as settled were followed, and the absence of any surviving recoverable default was reinforced by the dropping of subsequent proceedings on the same ground. The interest demand and penalty were therefore set aside in favour of the assessee. Case-Laws Central Excise Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207732