https://www.taxtmi.com/caselaws?id=313538 Under PPAs defining "Law" broadly, post cut-off statutory levies, notifications, orders and governmental instructions issued by instrumentalities such as railways, coal authorities and State Governments were treated as compensable Change in Law events because they altered generators' cost structure. Changes in domestic coal allocation policy that reduced assured coal supply were also recognised as Change in Law. The restitutionary billing mechanism supported recovery of carrying cost on admitted claims to restore the affected party's economic position. Fresh State levies and cesses, including forest, environmental and development imposts imposed after the cut-off date, likewise fell within Change in Law and were compensable. en-us Thu, 20 Apr 2023 00:00:00 +0530 Fri, 19 Apr 2024 21:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313538 Under PPAs defining "Law" broadly, post cut-off statutory levies, notifications, orders and governmental instructions issued by instrumentalities such as railways, coal authorities and State Governments were treated as compensable Change in Law events because they altered generators' cost structure. Changes in domestic coal allocation policy that reduced assured coal supply were also recognised as Change in Law. The restitutionary billing mechanism supported recovery of carrying cost on admitted claims to restore the affected party's economic position. Fresh State levies and cesses, including forest, environmental and development imposts imposed after the cut-off date, likewise fell within Change in Law and were compensable. Case-Laws Indian Laws Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313538