1990 (10) TMI 91

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....f vanaspati from the oil which is purchased from the market. The Central Government had issued a notification on 1-3-1987 purported to be under Rule 57K of the Central Excise Rules, 1944 wherein it was provided that in respect of the input of the vegetable oil, as mentioned in the table given under the aforesaid notification, if ihe vegetable oil is used in the final product i.e. the vanaspati, th....

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....h August, 1989 in pursuance of the notification dated 1st March, 1987 which has gone to the extent of Rs. 23,52,158. The petitioner was directed to make reverse entry on the credit Scheme in the books by the Superintendent, Central Excise and it is for this reason that the present writ petition has been filed praying that it should be declared that the petitioner was entitled to the credit of Rs. ....

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....t within a couple of months the Scheme which was in vogue in view of the notification dated 1st March, 1987, was restored. However, some conditiens were imposed. 3. Be that as it may, in PVP Ltd. v. Union of India (supra), this Court held that notification dated 25th August, 1989 could not be retrospective in operation. The Court also considered that the principles of promissory estoppel were a....