https://www.taxtmi.com/caselaws?id=164881 Freight subsidy under the Freight Neutralization Scheme was limited by budgetary allocation and quarterly fund availability, so claims could be entertained only to the extent money was actually provided. As no amount was sanctioned or released for the relevant years, the subsidy claims lapsed and no disbursement could be made. The separate interest-free loan agreement contained its own repayment terms and default consequences, and it did not allow set-off of instalments against any subsidy claim. Promissory estoppel did not apply because the loan was advanced under an earlier policy framework, while the subsidy claim arose later and no promise authorized adjustment of the loan liability. en-us Fri, 27 Aug 2010 00:00:00 +0530 Fri, 26 Sep 2014 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164881 Freight subsidy under the Freight Neutralization Scheme was limited by budgetary allocation and quarterly fund availability, so claims could be entertained only to the extent money was actually provided. As no amount was sanctioned or released for the relevant years, the subsidy claims lapsed and no disbursement could be made. The separate interest-free loan agreement contained its own repayment terms and default consequences, and it did not allow set-off of instalments against any subsidy claim. Promissory estoppel did not apply because the loan was advanced under an earlier policy framework, while the subsidy claim arose later and no promise authorized adjustment of the loan liability. Case-Laws VAT and Sales Tax Fri, 27 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164881