https://www.taxtmi.com/caselaws?id=165158 The State's exclusive privilege in country liquor may be granted by public auction or tender, and the auction proceeds are treated as consideration for that privilege rather than as a tax or excise duty. The statutory scheme also permits the Government to reserve acceptance of bids, order reauction, and reject an unsatisfactory tender where this is exercised within the excise framework and no mala fides or unreasonableness is shown. Retrospective validating amendments can cure defects in the earlier statutory basis, validate prior grants and amounts realised, and sustain the auction-based procedure and related rule. en-us Fri, 15 Oct 1976 00:00:00 +0530 Tue, 05 Aug 2014 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165158 The State's exclusive privilege in country liquor may be granted by public auction or tender, and the auction proceeds are treated as consideration for that privilege rather than as a tax or excise duty. The statutory scheme also permits the Government to reserve acceptance of bids, order reauction, and reject an unsatisfactory tender where this is exercised within the excise framework and no mala fides or unreasonableness is shown. Retrospective validating amendments can cure defects in the earlier statutory basis, validate prior grants and amounts realised, and sustain the auction-based procedure and related rule. Case-Laws Central Excise Fri, 15 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165158