2007 (7) TMI 546

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..... JDR, for the Respondent. [Order per : Chittaranjan Satapathy, Member (T)]. - Heard both sides. The appellants were directed to make consignmentwise payment by debiting account current under Rule 173G. According to the Department, such payment should have been made in cash. However, the appellants have paid the same not by cash but from Cenvat credit account. The impugned order has been passed b .....

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..... of the decision of the Hon'ble High Court of Bombay in the case of Lloyds Steel Industries Ltd. (cited supra), we hold that the payment by Cenvat credit is as good as payment by debiting account current and that the appellants have not violated the direction for which they have been held accountable under the impugned order. Consequently, we set aside the impugned order and allow the appeal. (Dic .....

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