Court Upholds Full Excise Duty Exemption Under Promissory Estoppel, Quashes 2008 Notifications Reducing Benefits.

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....Area Based Exemption - doctrine of promissory estoppel - for the period declared vide N/N. 20/2007 the Petitioner would be entitled to the excise duty exemption as promised therein - Consequently impugned N/N. 20/2008 and 38/2008 are liable to be quashed to the extent they curtail and whittle down the 100% excise duty exemption benefit as promised vide Notification No.20/2007 and is hereby quashed. - HC....