Consignment wise duty payment can be made through CENVAT credit balance: SC

CA Urvashi Porwal Brief of the Case In the case of M/s Jayaswal Neco Ltd. V/s Commissioner of Central Excise it was held by Supreme Court that even during the period when the facility of payment of excise duty in instalments on fortnightly basis is not available and remains suspended, the only obligation for the assessee is to pay the duty on each clearance and not on deferred basis and it can be paid either through account current or Cenvat Credit.   Brief Facts The issue involved in these appeals lies in a narrow compass which pertains to the demand of interest calculated on the dues of ex...