https://www.taxtmi.com/caselaws?id=41889 An excise exemption notification was construed as a time-bound incentive for new industrial undertakings, operating for seven years from the date of first clearance of tyres and not merely for the life of the notification. The Government was held bound by promissory estoppel because the assessee had acted on the representation by establishing the undertaking and altering its position on that basis. Withdrawal of the concession during the promised period was therefore impermissible, and the earlier entitlement was upheld. en-us Tue, 25 Mar 1986 00:00:00 +0530 Mon, 07 Jun 2010 17:19:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41889 An excise exemption notification was construed as a time-bound incentive for new industrial undertakings, operating for seven years from the date of first clearance of tyres and not merely for the life of the notification. The Government was held bound by promissory estoppel because the assessee had acted on the representation by establishing the undertaking and altering its position on that basis. Withdrawal of the concession during the promised period was therefore impermissible, and the earlier entitlement was upheld. Case-Laws Central Excise Tue, 25 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41889