CESTAT Bangalore Waives Penalty Pre-Deposit Under Section 77 Finance Act, 1994

The Appellate Tribunal CESTAT, Bangalore granted waiver of pre-deposit of penalty of Rs. 1000 imposed on the appellant under Section 77 of the Finance Act, 1994. The Tribunal found that Section 77 cannot be invoked against a receiver of services. Recovery of the penalty amount was stayed until the appeal's disposal.

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The Appellate Tribunal CESTAT, Bangalore granted waiver of pre-deposit of penalty of Rs. 1000 imposed on the appellant under Section 77 of the Finance Act, 1994. The Tribunal found that Section 77 cannot be invoked against a receiver of services. Recovery of the penalty amount was stayed until the appeal's disposal.

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