Court Applies Promissory Estoppel to Set 15% VAT on Liquor from April 1, 2014.

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....Reduced rate of VAT on Liquor - Applying the principle of promissory estoppel and doctrine of reasonable expectation, the harmonious interpretation of both the Government Orders, would be that reduced rate of 15% would be applicable w.e.f. 01.04.2014 - HC....