https://www.taxtmi.com/caselaws?id=246378 The Tribunal held that payment through Cenvat credit is valid once the default is rectified, even if made before clearing the defaulted amount. Interest on delayed payments and during default periods for different payment modes was deemed justifiable. The Tribunal imposed a penalty under Rule 27 of Central Excise Rules, directing the appellants to pay interest as per the explanation within six weeks, with a stay on collecting the remaining dues pending appeal after compliance. This judgment clarifies Cenvat credit utilization during default, interest calculation, and appropriate penalty provisions under Rule 27 for excise duty cases. en-us Wed, 08 Feb 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:12:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246378 The Tribunal held that payment through Cenvat credit is valid once the default is rectified, even if made before clearing the defaulted amount. Interest on delayed payments and during default periods for different payment modes was deemed justifiable. The Tribunal imposed a penalty under Rule 27 of Central Excise Rules, directing the appellants to pay interest as per the explanation within six weeks, with a stay on collecting the remaining dues pending appeal after compliance. This judgment clarifies Cenvat credit utilization during default, interest calculation, and appropriate penalty provisions under Rule 27 for excise duty cases. Case-Laws Central Excise Wed, 08 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246378