https://www.taxtmi.com/caselaws?id=328602 High speed diesel oil was expressly excluded from eligible MODVAT inputs under the relevant notifications, so no credit entitlement arose for the material period; the claim was therefore rejected. Section 112 of the Finance Act, 2000, being a validating and clarificatory provision, merely confirmed that position and did not deprive the assessee of any vested right, so the constitutional challenge failed. Once the credit was held to have been wrongly availed, recovery of the amount already taken or utilised was permitted without a separate adjudication or show cause notice on the facts described. en-us Thu, 02 Jun 2016 00:00:00 +0530 Mon, 14 Nov 2016 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328602 High speed diesel oil was expressly excluded from eligible MODVAT inputs under the relevant notifications, so no credit entitlement arose for the material period; the claim was therefore rejected. Section 112 of the Finance Act, 2000, being a validating and clarificatory provision, merely confirmed that position and did not deprive the assessee of any vested right, so the constitutional challenge failed. Once the credit was held to have been wrongly availed, recovery of the amount already taken or utilised was permitted without a separate adjudication or show cause notice on the facts described. Case-Laws Central Excise Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328602