https://www.taxtmi.com/caselaws?id=307766 Rule 8(3A) default in central excise duty payment does not require duty already paid through CENVAT credit to be deposited again in cash solely because credit was utilised. The stated approach treats payment of applicable interest as sufficient for the delayed payment, while retaining liability for any imposed penalty. Relief extends to setting aside the cash re-payment demand and reducing the penalty, without disturbing the obligation to pay interest. en-us Tue, 18 Nov 2014 00:00:00 +0530 Fri, 05 May 2023 21:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307766 Rule 8(3A) default in central excise duty payment does not require duty already paid through CENVAT credit to be deposited again in cash solely because credit was utilised. The stated approach treats payment of applicable interest as sufficient for the delayed payment, while retaining liability for any imposed penalty. Relief extends to setting aside the cash re-payment demand and reducing the penalty, without disturbing the obligation to pay interest. Case-Laws Central Excise Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307766