2019 (4) TMI 1260

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....evenue ORDER PER SHRI P. K. CHOUDHARY The facts of the case in brief are that the appellant is engaged in the manufacture of High Speed Steel/Alloy Steel Bars and Rods classifiable under Chapter 72 of the Central Excise Tariff Act, 1985. As mentioned in the statements of facts, the appellant was facing severe financial crisis during the period from September, 2008 and as a result they def....

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....000/- for the month of September, 2008, along with interest of Rs. 97,806/- was deposited on 22/11/2008 vide GAR-7 Challan No. 09/08-09, dated 21/11/2008. It is his submission that the duty was paid along with interest in the forenoon of 22/11/2008 and after confirming the payment from the nominated Bank, they effected clearances of 9.121 MT High Speed Steel Bars, valued at Rs. 54,04,312/- invo....

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....ing amount including interest thereof i.e. 22/11/2008 in the instant case. It is his submission that they could not have cleared the goods without payment of duty in cash. 4. Heard both sides and perused the appeal records. 5. I find that the issue is no more res-entigra in view of the decisions of the various High Courts and also the Jurisdictional High Court at Kolkata, in the case of G....