LLOYD ELECTRIC AND ENGINEERING LTD vs STATE OF HIMACHAL PRADESH

The Supreme Court ruled that the appellant, Lloyd Electric and Engineering Limited, is entitled to a concessional rate of Central Sales Tax (CST) at 1% for the period from 01.04.2009 to 31.03.2013, as per the Industrial Policy of Himachal Pradesh. The Court held that the notification dated 18.06.2009 did not negate the extension of the concession, and the phrase 'with immediate effect' should not be interpreted to deny the benefit already granted. Consequently, the High Court's decision was overturned, affirming the appellant's entitlement to the concessional rate.