https://www.taxtmi.com/caselaws?id=114788 The court found Clause 4 of Notification No. 32/99 dated 8-7-1999 inconsistent with the industrial policy and struck down the conflicting clause. It held the government bound by Promissory Estoppel to provide tax exemptions as promised in the Office Memorandum. The notification was deemed non-compliant with the industrial policy, and petitioners were entitled to benefits under the new policy from the production commencement date. The court directed authorities to issue a fresh notification aligning with the original promise, granting exemptions from production commencement. Writ petitions were allowed, and the rule was made absolute. en-us Fri, 11 Apr 2003 00:00:00 +0530 Mon, 21 May 2012 11:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114788 The court found Clause 4 of Notification No. 32/99 dated 8-7-1999 inconsistent with the industrial policy and struck down the conflicting clause. It held the government bound by Promissory Estoppel to provide tax exemptions as promised in the Office Memorandum. The notification was deemed non-compliant with the industrial policy, and petitioners were entitled to benefits under the new policy from the production commencement date. The court directed authorities to issue a fresh notification aligning with the original promise, granting exemptions from production commencement. Writ petitions were allowed, and the rule was made absolute. Case-Laws Central Excise Fri, 11 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114788