https://www.taxtmi.com/caselaws?id=291627 The Tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994, on the appellant, a manufacturer of ductile iron pipes, for non-payment of service tax on agency commission to foreign service providers for External Commercial Borrowings. The appellant's prompt payment of service tax before the show-cause notice, similar to precedents like Bharat Forge Ltd., led to the waiver of the penalty under Section 80 of the Finance Act. The Tribunal granted relief from the penalty, allowing the appeal. en-us Fri, 02 Nov 2018 00:00:00 +0530 Fri, 20 Nov 2020 12:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291627 The Tribunal set aside the penalty imposed under Section 78 of the Finance Act, 1994, on the appellant, a manufacturer of ductile iron pipes, for non-payment of service tax on agency commission to foreign service providers for External Commercial Borrowings. The appellant's prompt payment of service tax before the show-cause notice, similar to precedents like Bharat Forge Ltd., led to the waiver of the penalty under Section 80 of the Finance Act. The Tribunal granted relief from the penalty, allowing the appeal. Case-Laws Service Tax Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291627