https://www.taxtmi.com/caselaws?id=154973 An executive industrial policy promise of octroi exemption was enforceable under promissory estoppel where entrepreneurs altered their position by establishing and commencing production in reliance on it. A later policy revision could not defeat the assurance because the State showed no statutory bar or overriding public interest sufficient to justify withdrawal, so the five-year exemption remained available. The later sales tax notification under the Orissa Sales Tax Act, 1947 also operated according to its terms, and the petitioners satisfied the conditions for exemption on raw materials, machinery, spare parts and packing materials for five years from certification. The article states that the petitions succeeded in part and both fiscal incentives were recognised to the extent provided by the policy and notification regime. en-us Wed, 12 Feb 1986 00:00:00 +0530 Fri, 30 Aug 2013 16:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154973 An executive industrial policy promise of octroi exemption was enforceable under promissory estoppel where entrepreneurs altered their position by establishing and commencing production in reliance on it. A later policy revision could not defeat the assurance because the State showed no statutory bar or overriding public interest sufficient to justify withdrawal, so the five-year exemption remained available. The later sales tax notification under the Orissa Sales Tax Act, 1947 also operated according to its terms, and the petitioners satisfied the conditions for exemption on raw materials, machinery, spare parts and packing materials for five years from certification. The article states that the petitions succeeded in part and both fiscal incentives were recognised to the extent provided by the policy and notification regime. Case-Laws VAT and Sales Tax Wed, 12 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154973