https://www.taxtmi.com/caselaws?id=162206 A statutory exemption granted by the competent committee under section 4-A could not be displaced by a suo motu order under section 22 merely on a different view of the record; the exemption for chemicals and their derivatives was upheld. The note also states that, once the deposit made under the stay order became refundable in effect, the department was liable to pay interest on it as normal accretion on capital, and interest from the date of deposit was directed. The Tribunal's impugned order was quashed and consequential relief followed. en-us Wed, 06 Feb 2002 00:00:00 +0530 Thu, 20 Feb 2014 17:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162206 A statutory exemption granted by the competent committee under section 4-A could not be displaced by a suo motu order under section 22 merely on a different view of the record; the exemption for chemicals and their derivatives was upheld. The note also states that, once the deposit made under the stay order became refundable in effect, the department was liable to pay interest on it as normal accretion on capital, and interest from the date of deposit was directed. The Tribunal's impugned order was quashed and consequential relief followed. Case-Laws VAT and Sales Tax Wed, 06 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162206