https://www.taxtmi.com/caselaws?id=252169 The Tribunal upheld the appellant's default in paying Central Excise duty beyond the allowed period, requiring duty payment without utilizing Cenvat credit. The appellant paid interest on the defaulted amount and a penalty of &8377;1,00,000. Due to the appellant's inability to deposit cash, interest payment was deemed compliant with the rules. Considering the circumstances, the Tribunal reduced the penalty to the already paid amount, finding it sufficient. The appeal and stay application were decided accordingly, ensuring compliance with Central Excise Rules and considering the appellant's actions and payments. en-us Mon, 23 Dec 2013 00:00:00 +0530 Mon, 13 Oct 2014 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252169 The Tribunal upheld the appellant's default in paying Central Excise duty beyond the allowed period, requiring duty payment without utilizing Cenvat credit. The appellant paid interest on the defaulted amount and a penalty of &8377;1,00,000. Due to the appellant's inability to deposit cash, interest payment was deemed compliant with the rules. Considering the circumstances, the Tribunal reduced the penalty to the already paid amount, finding it sufficient. The appeal and stay application were decided accordingly, ensuring compliance with Central Excise Rules and considering the appellant's actions and payments. Case-Laws Central Excise Mon, 23 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252169