https://www.taxtmi.com/caselaws?id=172593 The State retained competence to regulate and fix the price of rectified spirit sold to arrack manufacturers because Section 18-G of the Industries (Development and Regulation) Act, 1951 did not create an exclusive central field unless the Central Government had actually fixed the price. Rule 17 of the Karnataka Excise Rules was nevertheless ultra vires to the extent it authorised unguided price fixation, as it conferred excessive delegated discretion without legislative standards. The price fixed at Rs. 8.50 per litre was also struck down as arbitrary and irrational because it lacked a reliable cost basis or policy justification. en-us Tue, 12 Oct 1993 00:00:00 +0530 Tue, 25 Aug 2015 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172593 The State retained competence to regulate and fix the price of rectified spirit sold to arrack manufacturers because Section 18-G of the Industries (Development and Regulation) Act, 1951 did not create an exclusive central field unless the Central Government had actually fixed the price. Rule 17 of the Karnataka Excise Rules was nevertheless ultra vires to the extent it authorised unguided price fixation, as it conferred excessive delegated discretion without legislative standards. The price fixed at Rs. 8.50 per litre was also struck down as arbitrary and irrational because it lacked a reliable cost basis or policy justification. Case-Laws VAT and Sales Tax Tue, 12 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172593