https://www.taxtmi.com/caselaws?id=253011 Interest under Section 11AB of the Central Excise Act was not payable on clearance of inputs and capital goods as such when the assessee debited an amount equal to the CENVAT credit availed by the 5th day of the following month. The applicable scheme under Rule 8 of the Central Excise Rules allowed duty payment by that date for removals made during the month, and the same timing applied to inputs and capital goods removed as such. The debit under Rule 3(4) of the CENVAT Credit Rules, 2002 and Rule 3(5) of the CENVAT Credit Rules, 2004 was therefore within time, so no delay in duty payment arose and interest was not leviable. en-us Fri, 27 Jun 2014 00:00:00 +0530 Tue, 11 Nov 2014 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253011 Interest under Section 11AB of the Central Excise Act was not payable on clearance of inputs and capital goods as such when the assessee debited an amount equal to the CENVAT credit availed by the 5th day of the following month. The applicable scheme under Rule 8 of the Central Excise Rules allowed duty payment by that date for removals made during the month, and the same timing applied to inputs and capital goods removed as such. The debit under Rule 3(4) of the CENVAT Credit Rules, 2002 and Rule 3(5) of the CENVAT Credit Rules, 2004 was therefore within time, so no delay in duty payment arose and interest was not leviable. Case-Laws Central Excise Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253011