2001 (6) TMI 654

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..... were operating under the provisions of Rule 173GG of the Central Excise Rules, 1944, debiting their account current at specified interval towards the payment of duty for the goods already cleared. During the period under appeal, on all occasions the appellant assessees had deposited the cheques in the bank, Shri R.J. Parekh shows photo copies of the challans as stamped by the receiving bank. His .....

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..... appeal had come to the notice of the Government. In terms of this Trade Notice the logic in an earlier Trade Notice dt. 20-9-2000 was applied to the situation. It was ruled that as along as the deposit was made by the assessee on the appointed date, penalties and interest should not be attracted merely because the amount was credited to the Government s account much later that the date on which th .....

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