https://www.taxtmi.com/caselaws?id=161449 Diversion of forest land for non-forest use may attract an environmental charge in the form of Net Present Value, justified by sustainable development, inter-generational equity and the public trust doctrine. The compensatory afforestation fund mechanism was held constitutionally valid as a special fund for ecological regeneration, outside the ordinary constitutional funds framework, and the collected amounts were not required to be routed to State Governments. The Court also accepted that NPV should be fixed through expert scientific assessment and periodic revision. Limited exemptions for specified public welfare projects were left for expert examination, and Special Purpose Vehicles were permitted for implementation subject to judicial oversight. en-us Mon, 26 Sep 2005 00:00:00 +0530 Mon, 23 Jun 2014 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161449 Diversion of forest land for non-forest use may attract an environmental charge in the form of Net Present Value, justified by sustainable development, inter-generational equity and the public trust doctrine. The compensatory afforestation fund mechanism was held constitutionally valid as a special fund for ecological regeneration, outside the ordinary constitutional funds framework, and the collected amounts were not required to be routed to State Governments. The Court also accepted that NPV should be fixed through expert scientific assessment and periodic revision. Limited exemptions for specified public welfare projects were left for expert examination, and Special Purpose Vehicles were permitted for implementation subject to judicial oversight. Case-Laws Indian Laws Mon, 26 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161449