2006 (10) TMI 42

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dents are called absent. The issue involved in these appeals is whether the amount to be paid in respect of inputs cleared as such under Rule 3(4) of Cenvat Credit Rules, 2002 should be paid at the time of clearance or on the 5th day of the following month as per Rule 8 of Central Excise Rules, 2002 and whether in case of delayed payment, the interest is to be paid. 2.The Revenue is in appeal a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y of payment of duty on fortnight basis. The adjudicating authority held that on such clearance of inputs, the duty was required to be paid at the time of clearance itself and not monthly basis. Since there was delay in payment of duty, interest is leviable under Section 11AB of the Act. 4.The Commissioner (Appeals) has referred to Rule 8 of Central Excise Rules, 2002, sub-rule (4) of Rule 3 of....