https://www.taxtmi.com/circulars?id=7174 The court treated withdrawal of a Modvat tax-credit benefit for aerated waters as a policy decision and declined to entertain the challenge on writ jurisdiction grounds, advising that similar pending administrative cases be disposed of on the same basis, reflecting the principle that extension or withdrawal of fiscal incentives is a matter of executive policy not fit for routine judicial re-examination. en-us Tue, 01 Dec 1987 00:00:00 +0530 Thu, 09 Jul 2009 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7174 The court treated withdrawal of a Modvat tax-credit benefit for aerated waters as a policy decision and declined to entertain the challenge on writ jurisdiction grounds, advising that similar pending administrative cases be disposed of on the same basis, reflecting the principle that extension or withdrawal of fiscal incentives is a matter of executive policy not fit for routine judicial re-examination. Circulars Central Excise Tue, 01 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7174