https://www.taxtmi.com/caselaws?id=236629 A sanctioned rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 prevailed over inconsistent excise recovery demands where the scheme expressly exempted the company from interest and penalty and permitted payment of finally payable excise duty over two years. Section 22 barred coercive recovery during the pendency or implementation of the scheme, and section 32 gave the Act and the scheme overriding effect over contrary laws. An excise demand notice that ignored the express waiver for interest and penalty was therefore unenforceable and liable to be quashed. en-us Thu, 23 Feb 2012 00:00:00 +0530 Thu, 16 Feb 2017 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236629 A sanctioned rehabilitation scheme under the Sick Industrial Companies (Special Provisions) Act, 1985 prevailed over inconsistent excise recovery demands where the scheme expressly exempted the company from interest and penalty and permitted payment of finally payable excise duty over two years. Section 22 barred coercive recovery during the pendency or implementation of the scheme, and section 32 gave the Act and the scheme overriding effect over contrary laws. An excise demand notice that ignored the express waiver for interest and penalty was therefore unenforceable and liable to be quashed. Case-Laws Companies Law Thu, 23 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236629