https://www.taxtmi.com/caselaws?id=43331 Credit earned under an existing excise incentive notification could not be withdrawn retrospectively by a later notification, because the benefit had already accrued while the earlier scheme remained in force. The Court applied promissory estoppel against the Union, holding that the assessee had altered its position on the basis of the notified credit scheme and the accrued entitlement could not be defeated by subsequent withdrawal. However, no concession was available for the period after the withdrawal notification came into force. The assessee was entitled to utilise the credit earned up to 24-8-1989 and to refund of any duty recovered in excess of what was payable under the earlier notification. en-us Mon, 29 Oct 1990 00:00:00 +0530 Thu, 17 Jun 2010 13:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43331 Credit earned under an existing excise incentive notification could not be withdrawn retrospectively by a later notification, because the benefit had already accrued while the earlier scheme remained in force. The Court applied promissory estoppel against the Union, holding that the assessee had altered its position on the basis of the notified credit scheme and the accrued entitlement could not be defeated by subsequent withdrawal. However, no concession was available for the period after the withdrawal notification came into force. The assessee was entitled to utilise the credit earned up to 24-8-1989 and to refund of any duty recovered in excess of what was payable under the earlier notification. Case-Laws Central Excise Mon, 29 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43331