Upon Repeal, Old Provision Ends; Substituted One Activates Upon Replacement

Pernod Ricard India (P) Ltd. Vs State of Madhya Pradesh & Ors. (Supreme Court of India) Repealed provision ceases to operate from the date of repeal, and the substituted provision starts operating as and when it is substituted Conclusion: Supreme Court held that subject to statutory stipulation, a repealed provision ceased to operate from the date of repeal, and the substituted provision started operating as and when it is substituted. Held: Assessee-company was the sub-licensee under the M.P. Excise Act, 1915 for manufacture, import and sale of Foreign Liquor. The same was regulated under...