2014 (10) TMI 303

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... deposit the amount in cash. According to learned counsel, this happened because the customers did not pay the dues for goods received by them. I find that this Tribunal in the case of Meenakshi Associates v. Commissioner of C.E., Noida [2012 (6) TMI 275 - CESTAT, NEW DELHI], has taken a view that instead of depositing entire amount of Cenvat credit utilized in cash, if the assessee deposited the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .P. Sastry, Advocate, for the Appellant. Shri A.K. Nigam, Addl. Commissioner (AR), for the Respondent. ORDER Appellant defaulted in making payment of Central Excise duty for the months of August 2011 & November 2011 beyond the period of 30 days allowed. Consequently, appellant was required to pay duty on each and every consignment without utilizing Cenvat credit during the period of default. Ap .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... redit utilized in cash, if the assessee deposited the interest, that can be taken as compliance of requirement of Rule 8(3A) of Central Excise Rules and it can be accepted since the amount is paid in cash and immediately the same can be taken as Cenvat credit and therefore, the exercise is revenue neutral. In this case, since the interest has been deposited, the obligation as decided by this Tribu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X