Whether the penalty under section 78 of the Finance Act, 1994 can be reduced below the minimum limit prescribed by invoking section 80 of the Finance Act, 1994?

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..... ctice Manual
Service Tax
Manuals
Dated:- 4-4-2015
20 - Interest and Penalty No. In the case of Target Polymers Pvt. Ltd. [2010 (11) TMI 595 - GUJARAT HIGH COURT], it was held that on a co .....

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..... the penalty below the minimum prescribed. The Court accordingly answered the question in the negative. Following decision in the case of Port Officer [2010 (7) TMI 167 - GUJRAT HIGH COURT] ,the penal .....

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