https://www.taxtmi.com/caselaws?id=266803 Cenvat credit available on the last day of the relevant fortnight could alone be used to pay duty for that fortnight after the amendment to Rule 57AB(1)(b). Credit accruing in the following period could not be applied to an earlier fortnight's duty liability, requiring payment in cash. The restriction operated prospectively and earlier decisions concerning pre-amendment periods did not apply. Although the duty demand remained payable, penalty under Rule 173C(1) was deleted because the default occurred immediately after the amendment and the circumstances warranted relief. The appeal therefore obtained relief only from the penal consequence. en-us Mon, 14 Sep 2015 00:00:00 +0530 Sat, 24 Oct 2015 07:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266803 Cenvat credit available on the last day of the relevant fortnight could alone be used to pay duty for that fortnight after the amendment to Rule 57AB(1)(b). Credit accruing in the following period could not be applied to an earlier fortnight's duty liability, requiring payment in cash. The restriction operated prospectively and earlier decisions concerning pre-amendment periods did not apply. Although the duty demand remained payable, penalty under Rule 173C(1) was deleted because the default occurred immediately after the amendment and the circumstances warranted relief. The appeal therefore obtained relief only from the penal consequence. Case-Laws Central Excise Mon, 14 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266803