2005 (11) TMI 526 - AT - Central Excise

Summary

The Revenue's appeal against the reduction of penalties under Sections 76 and 77 for delayed service tax payment was rejected by the Appellate Tribunal. The Tribunal cited legal precedents stating that penalties can be reduced at the discretion of the Adjudicating Officer and may not be levied if tax is paid before the show cause notice. The reduced penalties were confirmed, and the appeal was deemed to have no merit.