https://www.taxtmi.com/caselaws?id=34916 The court held that the impugned notifications (No.16/2008 and No.33/2008) reducing excise duty exemption benefits for a Limited Company manufacturing steel bars in the earthquake-affected Kutch region were invalid. The court found that the changes were arbitrary and contrary to the original intent of the exemption under Notification No.39/2001. The principle of promissory estoppel applied as the company had invested based on the original promise of full exemption. The respondents failed to justify the modifications in the public interest. The court directed full exemption benefits to the petitioners and credited any differential duty paid under the impugned notifications to their accounts. en-us Thu, 18 Mar 2010 00:00:00 +0530 Mon, 22 Jul 2013 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34916 The court held that the impugned notifications (No.16/2008 and No.33/2008) reducing excise duty exemption benefits for a Limited Company manufacturing steel bars in the earthquake-affected Kutch region were invalid. The court found that the changes were arbitrary and contrary to the original intent of the exemption under Notification No.39/2001. The principle of promissory estoppel applied as the company had invested based on the original promise of full exemption. The respondents failed to justify the modifications in the public interest. The court directed full exemption benefits to the petitioners and credited any differential duty paid under the impugned notifications to their accounts. Case-Laws Central Excise Thu, 18 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34916