https://www.taxtmi.com/caselaws?id=202393 Credit of duty on high speed diesel oil used in diesel generating sets for captive electricity generation was not admissible under the MODVAT scheme because the relevant Rule 57A notifications excluded that input from eligibility. Although Rule 57B and the amended Rule 57D referred to inputs used for electricity generation, the later explanation confined "inputs" to those specifically notified under Rule 57A, confirming the legislative intent to deny credit on high speed diesel oil. The Finance Act, 2000 validation provision was treated as clarificatory and retrospective, so no vested or accrued right could arise in respect of an input excluded from the scheme from the outset. The challenge to retrospective denial therefore failed. en-us Fri, 18 Mar 2011 00:00:00 +0530 Mon, 22 Dec 2025 15:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202393 Credit of duty on high speed diesel oil used in diesel generating sets for captive electricity generation was not admissible under the MODVAT scheme because the relevant Rule 57A notifications excluded that input from eligibility. Although Rule 57B and the amended Rule 57D referred to inputs used for electricity generation, the later explanation confined "inputs" to those specifically notified under Rule 57A, confirming the legislative intent to deny credit on high speed diesel oil. The Finance Act, 2000 validation provision was treated as clarificatory and retrospective, so no vested or accrued right could arise in respect of an input excluded from the scheme from the outset. The challenge to retrospective denial therefore failed. Case-Laws Central Excise Fri, 18 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202393