https://www.taxtmi.com/caselaws?id=359976 Rule 8(1) of the Central Excise Rules treats the date of presentation of a cheque to the designated bank as the date of duty payment, subject to realisation. On the facts, the cheques were presented within the prescribed time and were eventually realised; the delay arose in banking clearance, and the assessee paid the interest attributable to that delay. The matter was therefore treated as a clearance issue rather than a duty default, and the proposed denial of CENVAT credit payment, together with duty, interest and penalties under Rule 8(3A), was not sustainable. en-us Tue, 20 Feb 2018 00:00:00 +0530 Tue, 08 May 2018 08:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359976 Rule 8(1) of the Central Excise Rules treats the date of presentation of a cheque to the designated bank as the date of duty payment, subject to realisation. On the facts, the cheques were presented within the prescribed time and were eventually realised; the delay arose in banking clearance, and the assessee paid the interest attributable to that delay. The matter was therefore treated as a clearance issue rather than a duty default, and the proposed denial of CENVAT credit payment, together with duty, interest and penalties under Rule 8(3A), was not sustainable. Case-Laws Central Excise Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359976