https://www.taxtmi.com/caselaws?id=762353 CESTAT Chennai held that demand for duty payment default beyond 30 days under Rule 8(3A) of CCR cannot be sustained. The tribunal relied on Gujarat HC's decision in Indsur Global Ltd. declaring Rule 8(3A) ultra vires, which was upheld after Revenue's SC appeal was settled through Lok Adalat. The assessee could utilize CENVAT credit despite payment default. Extended limitation period and penalties were also set aside as the primary demand failed. Appeal allowed. en-us Wed, 27 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762353 CESTAT Chennai held that demand for duty payment default beyond 30 days under Rule 8(3A) of CCR cannot be sustained. The tribunal relied on Gujarat HC's decision in Indsur Global Ltd. declaring Rule 8(3A) ultra vires, which was upheld after Revenue's SC appeal was settled through Lok Adalat. The assessee could utilize CENVAT credit despite payment default. Extended limitation period and penalties were also set aside as the primary demand failed. Appeal allowed. Case-Laws Central Excise Wed, 27 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762353