https://www.taxtmi.com/caselaws?id=41493 The court ruled against the petitioners in a case involving the interpretation and application of Customs Duty and Countervailing Duty exemption notifications issued by the Government of India. The court rejected the petitioners' argument for the application of the doctrine of promissory estoppel in legislative exercises, emphasizing the Government's flexibility in setting duty rates. Additionally, the court upheld the Government's authority to amend duty rates retrospectively, dismissing the petitioners' claim for prospective application. The court discharged the rule and dismissed the petition, highlighting the Government's discretionary power in varying duty rates and the limitations of invoking promissory estoppel in legislative matters. en-us Wed, 07 Dec 1983 00:00:00 +0530 Thu, 03 Jun 2010 17:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41493 The court ruled against the petitioners in a case involving the interpretation and application of Customs Duty and Countervailing Duty exemption notifications issued by the Government of India. The court rejected the petitioners' argument for the application of the doctrine of promissory estoppel in legislative exercises, emphasizing the Government's flexibility in setting duty rates. Additionally, the court upheld the Government's authority to amend duty rates retrospectively, dismissing the petitioners' claim for prospective application. The court discharged the rule and dismissed the petition, highlighting the Government's discretionary power in varying duty rates and the limitations of invoking promissory estoppel in legislative matters. Case-Laws Customs Wed, 07 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41493