https://www.taxtmi.com/caselaws?id=183709 The court held that the Central Government is bound by the doctrine of promissory estoppel to continue excise exemption for 10 years as promised in the Industrial Policy. The Ministry of Finance was found to lack the authority to unilaterally withdraw concessions, and the withdrawal of the excise exemption was deemed unjustified by overriding public interest. The court quashed the withdrawal notification, restoring the excise exemption and directing the credited excise duty to be adjusted against future liabilities, granting the appellants entitlement to the exemption as per the initial notification. en-us Tue, 03 Dec 2002 00:00:00 +0530 Sat, 18 Jun 2016 15:48:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183709 The court held that the Central Government is bound by the doctrine of promissory estoppel to continue excise exemption for 10 years as promised in the Industrial Policy. The Ministry of Finance was found to lack the authority to unilaterally withdraw concessions, and the withdrawal of the excise exemption was deemed unjustified by overriding public interest. The court quashed the withdrawal notification, restoring the excise exemption and directing the credited excise duty to be adjusted against future liabilities, granting the appellants entitlement to the exemption as per the initial notification. Case-Laws Central Excise Tue, 03 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183709