https://www.taxtmi.com/caselaws?id=53098 When central excise duty is tendered by cheque to the Government's banker on the due date and the cheque is not dishonoured, payment is treated as made on the date of tender, even if clearance occurs later. The reasoning relied on account rules and supporting decisions, and distinguished authority dealing with the fortnightly payment scheme as inapplicable. As no delay in payment was found, the basis for penalty disappeared and the penalty was vacated. en-us Wed, 15 Sep 2004 00:00:00 +0530 Mon, 11 Oct 2010 09:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53098 When central excise duty is tendered by cheque to the Government's banker on the due date and the cheque is not dishonoured, payment is treated as made on the date of tender, even if clearance occurs later. The reasoning relied on account rules and supporting decisions, and distinguished authority dealing with the fortnightly payment scheme as inapplicable. As no delay in payment was found, the basis for penalty disappeared and the penalty was vacated. Case-Laws Central Excise Wed, 15 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53098