Cenvat for payment of interest and penalty
This query is : Resolved
28 November 2014
can cenvat credit used to pay interest and penalty demanded in show cause notice???????
28 November 2014
No. interest and penalty need to pay by cash only
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
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
29 November 2014
no, penalty and intt will paid by payment online/cash/bank.
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