https://www.taxtmi.com/caselaws?id=234258 The court found that the assessee's payment from the deemed credit account, instead of the account current (PLA) as mandated by Rule 8(4) of the Central Excise Rules, was in contravention of the rules. It clarified that the judgment of the Bombay High Court in Lloyds Steel Industries Limited v. Union of India was not applicable to the present case. The court determined that the penalty imposed under Rule 25 was not justified as the conditions of Section 11AC were not met, suggesting that Rule 27 would be the appropriate provision for penalty. Despite the contravention, the court chose not to disturb the Tribunal's order due to the minimal amount involved and the passage of time, disposing of the appeal accordingly. en-us Thu, 14 Jun 2012 00:00:00 +0530 Tue, 04 Jun 2013 17:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234258 The court found that the assessee's payment from the deemed credit account, instead of the account current (PLA) as mandated by Rule 8(4) of the Central Excise Rules, was in contravention of the rules. It clarified that the judgment of the Bombay High Court in Lloyds Steel Industries Limited v. Union of India was not applicable to the present case. The court determined that the penalty imposed under Rule 25 was not justified as the conditions of Section 11AC were not met, suggesting that Rule 27 would be the appropriate provision for penalty. Despite the contravention, the court chose not to disturb the Tribunal's order due to the minimal amount involved and the passage of time, disposing of the appeal accordingly. Case-Laws Central Excise Thu, 14 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234258