Penalty for delay in payment of service tax for no willful default can be waived

CESTAT, NEW DELHI BENCH HCL Info Systems Ltd. Versus Commissioner of Central Excise, Noida Final Order No. 768-2012 OF SM (Br) Appeal No. ST/1196 of 2010-SM June 18, 2012 ORDER 1. Shri Krishnan, learned Counsel says that to resolve the dispute at the grass root level the appellant immediately reversed the Cenvat credit to satisfy the audit who pointed out that there was wrong credit availed. There was no questionable conduct of the appellant to impute it to the purview of Section 76 of the Finance Act, 1994 because there was no deliberate breach of law to avoid payment of serv...