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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..... tice Manual - Service Tax - Manuals - FAQ - 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 .....

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..... , to reduce 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 COU .....

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