2002 (3) TMI 386

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..... the Respondent. [Order per : J.H. Joglekar, Member (T)]. The appellants/applicants was operating under the provisions of Rule 8 of the Central Excise (No. 2) Rules, 2001, which extend the facility of payment of duty on fortnightly basis. Under the scheme the accumulated duty for the first fortnight of the month has to be paid by the 20th of that month and the duty for the 2nd fortnight h .....

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..... Rec. By Bom. Date on TR 6 CH 1st FN/Oct 1224002/- 20-10-01 19-10-01 20-10-01 - 24-10-01 2nd FN/Oct 78317/- 5-11-01 3-11-01 6-11-01 - 9-11-01 1st FN/Nov. 198063/- 20-11-01 15-11-01 7-11-01 17-11-01 21-11-01 2nd FN/Dec. 169022/- 5-01-02 .....

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..... if the amount payable is credited to the account of the Central Government by the specified date. It is being interpreted that it refers to deposit of duty amount by the focal point banks into the account of Government. This is not the intention. Once the assessee has deposited a cheque in bank and the same is honoured or pays in cash/drafts and the bank gives receipt stamp on TR-6 Challans, the .....

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