Retrospective validation of excise rule amendments bars challenges and mandates recovery of lapsed credits with statutory interest. Specified amendments to rule 57F are retrospectively validated so that lapsing of duty credit and refusal to allow its utilisation during the intervening period are deemed always valid; no suit or enforcement may permit such credit, and recovery of credits that would have lapsed must be made within a fixed statutory period after assent, with statutory interest payable from the expiry of that period until payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retrospective validation of excise rule amendments bars challenges and mandates recovery of lapsed credits with statutory interest.
Specified amendments to rule 57F are retrospectively validated so that lapsing of duty credit and refusal to allow its utilisation during the intervening period are deemed always valid; no suit or enforcement may permit such credit, and recovery of credits that would have lapsed must be made within a fixed statutory period after assent, with statutory interest payable from the expiry of that period until payment.
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