https://www.taxtmi.com/caselaws?id=272115 The Tribunal dismissed the appeals, emphasizing the appellant's non-compliance with duty payment obligations, including continuous clearance of goods without payment and failure to deposit duty collected from customers. Financial difficulties were deemed insufficient justification for non-payment. The Tribunal clarified that Cenvat credit cannot be used for interest payment and upheld penalty imposition on the Director, acknowledging his involvement in excise matters but reducing the penalty due to circumstances. The judgment stressed the significance of timely duty payment and regulatory adherence. en-us Wed, 24 Jun 2015 00:00:00 +0530 Sat, 27 Feb 2016 09:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272115 The Tribunal dismissed the appeals, emphasizing the appellant's non-compliance with duty payment obligations, including continuous clearance of goods without payment and failure to deposit duty collected from customers. Financial difficulties were deemed insufficient justification for non-payment. The Tribunal clarified that Cenvat credit cannot be used for interest payment and upheld penalty imposition on the Director, acknowledging his involvement in excise matters but reducing the penalty due to circumstances. The judgment stressed the significance of timely duty payment and regulatory adherence. Case-Laws Central Excise Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272115