https://www.taxtmi.com/caselaws?id=51858 Cenvat credit could be used to discharge duty on inputs removed as such, and the rule governing computation of the amount payable did not alter the character of the payment for credit purposes. Where the assessee had sufficient credit balance and the statutory scheme expressly permitted payment through credit, penalty was not sustainable merely because the liability was worked out as an equivalent amount under the excise rules. The removal and reversal mechanism therefore remained within the duty-payment framework, and the assessee succeeded on the penalty issue. en-us Mon, 07 Apr 2003 00:00:00 +0530 Tue, 28 Sep 2010 18:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51858 Cenvat credit could be used to discharge duty on inputs removed as such, and the rule governing computation of the amount payable did not alter the character of the payment for credit purposes. Where the assessee had sufficient credit balance and the statutory scheme expressly permitted payment through credit, penalty was not sustainable merely because the liability was worked out as an equivalent amount under the excise rules. The removal and reversal mechanism therefore remained within the duty-payment framework, and the assessee succeeded on the penalty issue. Case-Laws Central Excise Mon, 07 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51858