https://www.taxtmi.com/caselaws?id=246285 A retrospective validating amendment can remove the legal basis of a Cenvat credit demand where the disputed period is expressly covered. The text explains that credit on steel wire input had been questioned on the earlier view that wire drawing from wire rods was not manufacture and no duty was payable, but the Taxation Laws (Amendment) Act, 2006 retrospectively validated duty on wire drawing units for the relevant period. A departmental circular also directed pending matters to be decided in light of that amendment, so the demand for credit, interest and penalty could not survive and the assessee's relief was sustained. en-us Fri, 04 Nov 2011 00:00:00 +0530 Sun, 20 Apr 2014 15:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246285 A retrospective validating amendment can remove the legal basis of a Cenvat credit demand where the disputed period is expressly covered. The text explains that credit on steel wire input had been questioned on the earlier view that wire drawing from wire rods was not manufacture and no duty was payable, but the Taxation Laws (Amendment) Act, 2006 retrospectively validated duty on wire drawing units for the relevant period. A departmental circular also directed pending matters to be decided in light of that amendment, so the demand for credit, interest and penalty could not survive and the assessee's relief was sustained. Case-Laws Central Excise Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246285