https://www.taxtmi.com/caselaws?id=52562 The Tribunal upheld the demand for Central Excise duty from the appellant, ruling that the exemption claimed was invalid. The Principle of Estoppel was deemed inapplicable to fiscal statutes, and duty must be paid unless exempted by a valid notification. However, the Tribunal agreed with the appellant that interest could not be demanded for duty payable before the Finance Bill, 2001 received the President's assent. Interest was only held payable from 11-5-2001 onwards. The appeal was disposed of with this decision. en-us Tue, 30 Sep 2003 00:00:00 +0530 Wed, 06 Oct 2010 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52562 The Tribunal upheld the demand for Central Excise duty from the appellant, ruling that the exemption claimed was invalid. The Principle of Estoppel was deemed inapplicable to fiscal statutes, and duty must be paid unless exempted by a valid notification. However, the Tribunal agreed with the appellant that interest could not be demanded for duty payable before the Finance Bill, 2001 received the President's assent. Interest was only held payable from 11-5-2001 onwards. The appeal was disposed of with this decision. Case-Laws Central Excise Tue, 30 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52562