https://www.taxtmi.com/caselaws?id=4226 Sections 131 and 132 of the Finance Act, 1999 were described as a curative and validating amendment that retrospectively supplied the missing rule-making authority for lapsing of unutilised Modvat credit. The legislative change was stated to remove the defect identified in the earlier judgment by expressly validating the relevant rule for the affected period. On that basis, the prior credit entitlement was displaced, and the challenge to constitutional validity failed. The text also states that a validating statute may retrospectively cure an infirmity pointed out by a judicial decision and alter the legal basis on which the earlier decision proceeded. en-us Fri, 23 Dec 2005 00:00:00 +0530 Tue, 03 Nov 2009 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4226 Sections 131 and 132 of the Finance Act, 1999 were described as a curative and validating amendment that retrospectively supplied the missing rule-making authority for lapsing of unutilised Modvat credit. The legislative change was stated to remove the defect identified in the earlier judgment by expressly validating the relevant rule for the affected period. On that basis, the prior credit entitlement was displaced, and the challenge to constitutional validity failed. The text also states that a validating statute may retrospectively cure an infirmity pointed out by a judicial decision and alter the legal basis on which the earlier decision proceeded. Case-Laws Central Excise Fri, 23 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4226