Whether the penalty under section 78 of the Finance Act, 1994 can be reduced below the minimum limit prescribed by invoking section 80 of the Finance Act, 1994?

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....tice Manual<br>Service Tax<br>Manuals<br>Dated:- 4-4-2015<br>20 - Interest and Penalty No. In the case of Target Polymers Pvt. Ltd. [2010 (11) TMI 595 - GUJARAT HIGH COURT], it was held that on a con....