https://www.taxtmi.com/caselaws?id=87331 Modvat credit rules and connected notifications were challenged as causing accrued credit to lapse, operating retrospectively and impairing vested rights. The Court found a strong prima facie case for interim protection and preserved the credit position pending final adjudication, subject to an undertaking to refund with interest if the petitions failed. Section 3A of the Central Excise Act, 1944 and the impugned notifications were also examined against Entry 84 of the Seventh Schedule and Article 14, with the capacity-based levy and differential treatment found prima facie arguable as potentially ultra vires and discriminatory. en-us Tue, 28 Oct 1997 00:00:00 +0530 Mon, 05 Sep 2011 19:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87331 Modvat credit rules and connected notifications were challenged as causing accrued credit to lapse, operating retrospectively and impairing vested rights. The Court found a strong prima facie case for interim protection and preserved the credit position pending final adjudication, subject to an undertaking to refund with interest if the petitions failed. Section 3A of the Central Excise Act, 1944 and the impugned notifications were also examined against Entry 84 of the Seventh Schedule and Article 14, with the capacity-based levy and differential treatment found prima facie arguable as potentially ultra vires and discriminatory. Case-Laws Central Excise Tue, 28 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87331