Interst due to delay payment of central excise, Central Excise

[Nandalal Kanungo]

can we adjust the interst due to delay payment of central excise from cenvat credit amount

please guide me relating this matter.

With regards

Nandalal Kanungo

 

Posts / Replies

[pradeep khatri]

Dear Nandlal Kanungo,

Interest and Penalties are reaquired to be deposited in cash (GAR-7 Challan) or through PLA.  It can't be adjusted through CENVAT credit Account.

This is for your kind information.

Best Regards,

Pradeep Khatri.

[NEERAJ KUMAR, RANCHI]

Yes I do agree with the view of Mr Khatri.

[vijay kumar]

Interest cannot be adjusted through cenvat credit account since the head of account is different and therefore it needs to be paid in cash through GAR-7 challan.

[akhilesh dubey]

Dear nandalal Jee Interest due to delay payment or other wise cannot be paid through the cenvat credit account. regards, Akhilesh Dubey