Appellate Tribunal rules Section 76 penalty not applicable, upholds Section 77 penalty

The Appellate Tribunal CESTAT, Chennai held that penalty under Section 76 was not applicable as the assessees paid the service tax in cash after initially debiting their CENVAT account. However, the penalty under Section 77 was upheld.

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The Appellate Tribunal CESTAT, Chennai ruled that penalty under Section 76 was not applicable as the assessees paid the service tax in cash after initially debiting their CENVAT account. Penalty under Section 77 was upheld. (2010 (7) TMI 293 - CESTAT, CHENNAI)

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