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Cenvat for payment of interest and penalty

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(Querist)
28 November 2014 can cenvat credit used to pay interest and penalty demanded in show cause notice???????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 November 2014 No. interest and penalty need to pay by cash only
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
28 November 2014 Cenvat Credit can be utilized only as per rule 4 of Cenvat Credit Rules 2004.

These rule doesn't contains penalties and demands to be used from Cenvat Credit Balance.

Therefore, Penalties and demands need to paid in cash only
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Rupesh Jain

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Rupesh Jain (Expert)
29 November 2014 no, penalty and intt will paid by payment online/cash/bank.
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