https://www.taxtmi.com/caselaws?id=153070 Section 112 of the Finance Act, 2000 was described as a retrospective validating provision that denied Modvat credit on high speed diesel oil for the relevant period and validated prior disallowances. The text states that the challenge to its retrospective operation failed because no want of legislative competence or constitutional infirmity was shown. It also notes that recovery of the denied credit, together with interest, was treated as enforceable under the validating scheme, with the thirty-day payment period and consequential interest applying on default. en-us Tue, 27 Apr 2010 00:00:00 +0530 Fri, 10 Oct 2014 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153070 Section 112 of the Finance Act, 2000 was described as a retrospective validating provision that denied Modvat credit on high speed diesel oil for the relevant period and validated prior disallowances. The text states that the challenge to its retrospective operation failed because no want of legislative competence or constitutional infirmity was shown. It also notes that recovery of the denied credit, together with interest, was treated as enforceable under the validating scheme, with the thirty-day payment period and consequential interest applying on default. Case-Laws Central Excise Tue, 27 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153070