https://www.taxtmi.com/caselaws?id=307766 For defaults in payment of central excise duty beyond the period prescribed under Rule 8(3A) of the Central Excise Rules, 2002, duty already paid by utilising CENVAT credit was not required to be paid again in cash merely because the default occurred. The applicable consequence was liability to pay interest, and the Tribunal also reduced the penalty in light of its earlier decisions on the same point. The note thus states that cash re-payment was not insisted upon solely on account of CENVAT utilisation during the default period, while interest liability remained enforceable. 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 For defaults in payment of central excise duty beyond the period prescribed under Rule 8(3A) of the Central Excise Rules, 2002, duty already paid by utilising CENVAT credit was not required to be paid again in cash merely because the default occurred. The applicable consequence was liability to pay interest, and the Tribunal also reduced the penalty in light of its earlier decisions on the same point. The note thus states that cash re-payment was not insisted upon solely on account of CENVAT utilisation during the default period, while interest liability remained enforceable. Case-Laws Central Excise Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307766