https://www.taxtmi.com/caselaws?id=174478 A statutory tariff concession offered as a three-year development rebate to induce industrial investment could not be withdrawn early against consumers who had altered their position in reliance on the promise, absent overriding public interest or restoration of the status quo ante. Standard form supply agreements did not bar challenges to the withdrawal because their tariff-revision clauses covered general rate fixation and did not waive the separate rebate incentive. The withdrawal notification was prospective, not retrospective, as it operated from 1 August 1986 without undoing benefits already accrued. Past interest was declined on the recovered amounts, though delayed compliance would attract future interest as directed. en-us Tue, 05 Aug 1997 00:00:00 +0530 Thu, 08 Oct 2015 18:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174478 A statutory tariff concession offered as a three-year development rebate to induce industrial investment could not be withdrawn early against consumers who had altered their position in reliance on the promise, absent overriding public interest or restoration of the status quo ante. Standard form supply agreements did not bar challenges to the withdrawal because their tariff-revision clauses covered general rate fixation and did not waive the separate rebate incentive. The withdrawal notification was prospective, not retrospective, as it operated from 1 August 1986 without undoing benefits already accrued. Past interest was declined on the recovered amounts, though delayed compliance would attract future interest as directed. Case-Laws Indian Laws Tue, 05 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174478