https://www.taxtmi.com/caselaws?id=43282 The court ruled in favor of the writ petitioners, applying the doctrine of promissory estoppel. The petitioners had relied on initial duty exemptions in Customs Notifications for importation but faced higher duties due to subsequent changes. The court acknowledged their reliance on the exemptions and the financial burden imposed by the increased duties. It ordered the return of cash security and discharge of the Bank Guarantee, considering the petitioners' actions taken based on the initial duty structure. The judgment emphasized the need to balance tax changes with individuals' reliance on previous duty situations in Customs matters. en-us Fri, 27 Mar 1992 00:00:00 +0530 Thu, 17 Jun 2010 11:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43282 The court ruled in favor of the writ petitioners, applying the doctrine of promissory estoppel. The petitioners had relied on initial duty exemptions in Customs Notifications for importation but faced higher duties due to subsequent changes. The court acknowledged their reliance on the exemptions and the financial burden imposed by the increased duties. It ordered the return of cash security and discharge of the Bank Guarantee, considering the petitioners' actions taken based on the initial duty structure. The judgment emphasized the need to balance tax changes with individuals' reliance on previous duty situations in Customs matters. Case-Laws Customs Fri, 27 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43282