https://www.taxtmi.com/caselaws?id=165300 A stay of a tariff revision notification does not annul the notification or extinguish liabilities arising under the governing supply terms; it only keeps its operation in abeyance during the pendency of the writ proceedings. On that basis, late payment surcharge remained payable for the stay period, even though the writ petitions were ultimately dismissed. The Court also noted that the surcharge was not penal in character, but granted limited equitable relief because consumers may have acted on a bona fide understanding of the earlier position. For the stay period up to 1 March 1993, the surcharge rate was moderated to 18%. en-us Mon, 10 Mar 1997 00:00:00 +0530 Sat, 05 Jul 2014 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165300 A stay of a tariff revision notification does not annul the notification or extinguish liabilities arising under the governing supply terms; it only keeps its operation in abeyance during the pendency of the writ proceedings. On that basis, late payment surcharge remained payable for the stay period, even though the writ petitions were ultimately dismissed. The Court also noted that the surcharge was not penal in character, but granted limited equitable relief because consumers may have acted on a bona fide understanding of the earlier position. For the stay period up to 1 March 1993, the surcharge rate was moderated to 18%. Case-Laws Indian Laws Mon, 10 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165300