https://www.taxtmi.com/caselaws?id=254930 In the absence of a specific prohibition, using available CENVAT credit in the following month to discharge duty of the previous month was treated as a procedural irregularity where the default did not extend beyond one month, so interest was not payable. Monthly payment default was nevertheless established, and penalty was found justified, but the original penalty was considered excessive on the facts and was reduced. The final result was deletion of interest and moderation of penalty for the payment default. en-us Fri, 25 Jul 2014 00:00:00 +0530 Wed, 14 Jan 2015 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254930 In the absence of a specific prohibition, using available CENVAT credit in the following month to discharge duty of the previous month was treated as a procedural irregularity where the default did not extend beyond one month, so interest was not payable. Monthly payment default was nevertheless established, and penalty was found justified, but the original penalty was considered excessive on the facts and was reduced. The final result was deletion of interest and moderation of penalty for the payment default. Case-Laws Central Excise Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254930