1999 (5) TMI 1

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..... rence Applications filed by the Revenue arise out of the Tribunal's Order Nos. A-903 to 906/Cal/98, dated 29-10-1998 [1999 (105) E.L.T. 434 (Tribunal)]. The Tribunal in its Order has held that the minimum mandatory penalty imposable under Section 77 of the Finance Act, [1994] for late submission of the requisite S.T. 3 return is Rs. 100/- and the maximum penalty is Rs. 200/- per day. While interpr .....

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..... rt order observes that punctuation is only a minor element in construction of a statute but further records that 'No doubt, when a statute is carefully punctuated and there is doubt about its meaning, weight should be given to the punctuation. However, I find that as the question raised by the Revenue is a question of interpretation of legal provision of law, the same should be referred to the Hon .....

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