https://www.taxtmi.com/caselaws?id=43349 Promissory estoppel may protect an accrued exemption benefit where a company has altered its position by substantial investment in reliance on a government incentive notification, and no overriding public interest or legal bar is shown to justify withdrawal. A notification issued under delegated rule-making power is subordinate legislation, but that character does not by itself exclude estoppel when a clear representation has been acted upon. The commentary notes that, on these principles, the rescission of the exemption was treated as unenforceable against the petitioner and refund of excess duty for the relevant period followed. en-us Fri, 19 Apr 1991 00:00:00 +0530 Thu, 17 Jun 2010 15:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43349 Promissory estoppel may protect an accrued exemption benefit where a company has altered its position by substantial investment in reliance on a government incentive notification, and no overriding public interest or legal bar is shown to justify withdrawal. A notification issued under delegated rule-making power is subordinate legislation, but that character does not by itself exclude estoppel when a clear representation has been acted upon. The commentary notes that, on these principles, the rescission of the exemption was treated as unenforceable against the petitioner and refund of excess duty for the relevant period followed. Case-Laws Central Excise Fri, 19 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43349