https://www.taxtmi.com/caselaws?id=41961 Promissory estoppel can apply to an excise exemption issued under delegated statutory power, even in the fiscal field, where the assessee altered its position in reliance on the notification. The Government may withdraw such a concession only on proved, overriding public-interest grounds supported by adequate material; a bare change of policy or general claim of inequity is insufficient. On the material placed, withdrawal of the time-bound exemption before 31 March 1979 was unjustified and unenforceable against the assessee, so the exemption had to continue until its original expiry date. en-us Fri, 17 Jul 1987 00:00:00 +0530 Tue, 08 Jun 2010 12:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41961 Promissory estoppel can apply to an excise exemption issued under delegated statutory power, even in the fiscal field, where the assessee altered its position in reliance on the notification. The Government may withdraw such a concession only on proved, overriding public-interest grounds supported by adequate material; a bare change of policy or general claim of inequity is insufficient. On the material placed, withdrawal of the time-bound exemption before 31 March 1979 was unjustified and unenforceable against the assessee, so the exemption had to continue until its original expiry date. Case-Laws Central Excise Fri, 17 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41961