https://www.taxtmi.com/caselaws?id=294523 The Tribunal, following the decision of the Calcutta High Court, ruled that there was no restriction on utilizing accumulated Cenvat Credit for payment of Central Excise duty during a default period. The Tribunal emphasized the significance of adhering to binding High Court decisions until overruled by a higher authority. As a result, the impugned order demanding cash payment of duty during default, despite Cenvat Credit utilization, was set aside, and the appeal was allowed, with the duty demand, interest, and penalty being revoked. en-us Wed, 13 Feb 2019 00:00:00 +0530 Mon, 19 Apr 2021 20:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294523 The Tribunal, following the decision of the Calcutta High Court, ruled that there was no restriction on utilizing accumulated Cenvat Credit for payment of Central Excise duty during a default period. The Tribunal emphasized the significance of adhering to binding High Court decisions until overruled by a higher authority. As a result, the impugned order demanding cash payment of duty during default, despite Cenvat Credit utilization, was set aside, and the appeal was allowed, with the duty demand, interest, and penalty being revoked. Case-Laws Central Excise Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294523