Tuesday 30 December 2014

Non-payment of duty due to dishonour of cheques attracts evasion penalty

Central Excise : Where non/belated payment of duty arose due to dishonour of cheques and there was delay of beyond 30 days, Cenvat Credit could not be used to pay duty as per rule 8(3A) and evasion penalty under rule 25 was leviable


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