https://www.taxtmi.com/caselaws?id=246381 The Tribunal clarified that once a default in excise duty payment is rectified with interest, payments made through Cenvat credit during the defaulting period should be considered valid. Demanding excise duty already paid through Cenvat credit during defaulting period was deemed legally unsustainable, with such payments recognized as a valid discharge of duty liability. Penalties under Rule 25 and Rule 27 were contested, leading to a nominal penalty under Rule 27 being imposed due to financial constraints causing delayed payment. The judgment emphasized compliance with interest calculation and deposit while addressing penalties in line with legal precedents. en-us Fri, 10 Feb 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246381 The Tribunal clarified that once a default in excise duty payment is rectified with interest, payments made through Cenvat credit during the defaulting period should be considered valid. Demanding excise duty already paid through Cenvat credit during defaulting period was deemed legally unsustainable, with such payments recognized as a valid discharge of duty liability. Penalties under Rule 25 and Rule 27 were contested, leading to a nominal penalty under Rule 27 being imposed due to financial constraints causing delayed payment. The judgment emphasized compliance with interest calculation and deposit while addressing penalties in line with legal precedents. Case-Laws Central Excise Fri, 10 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246381