https://www.taxtmi.com/caselaws?id=43657 The court examined the applicability of promissory estoppel in a case involving customs duty regulations under Section 157 of the Customs Act. Petitioners, importers of photographic goods, claimed reliance on previous regulations for concessional rates, affected by subsequent changes. The court questioned whether regulations under Section 157 are akin to statutes, diverging from a prior ruling. It referred the matter to a larger bench to determine if promissory estoppel can be invoked against such regulations. The judgment underscores the need for clarity on the legal status of regulations under Section 157 regarding promissory estoppel. en-us Thu, 05 Nov 1992 00:00:00 +0530 Sat, 19 Jun 2010 12:47:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43657 The court examined the applicability of promissory estoppel in a case involving customs duty regulations under Section 157 of the Customs Act. Petitioners, importers of photographic goods, claimed reliance on previous regulations for concessional rates, affected by subsequent changes. The court questioned whether regulations under Section 157 are akin to statutes, diverging from a prior ruling. It referred the matter to a larger bench to determine if promissory estoppel can be invoked against such regulations. The judgment underscores the need for clarity on the legal status of regulations under Section 157 regarding promissory estoppel. Case-Laws Customs Thu, 05 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43657