Payment of Interest

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....ayment of Interest<br> Query (Issue) Started By: - Srivatsan Krishnamachari Dated:- 5-2-2014 Last Reply Date:- 6-2-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Learned Friends, Lia....

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....bility towards shot-paid duty or service tax is fulfilled by debiting the cenvat account.. Can interest herein be paid from Cenvat Account or by only by making cash payment . Is payment of interest fr....

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....om cenvat account specifically forbidden by the relevant rules.Can you please clarify this . Thanks & With Regards, K.Srivatsan Reply By Pradeep Khatri: The Reply: Under Customs Act,1962 Central E....

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....xcise Act,1944 and Finance Act,1994, Interest and Penalties are required to be paid in cash only. There could not be any adjustment from the CENVAT credit Account. Reply By Naveed S: The Reply: Yes,....

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.... and same for Payment of Penalty too..<br> Discussion Forum - Knowledge Sharing ....