https://www.taxtmi.com/caselaws?id=46766 HSD oil used in a diesel generating set for captive electricity generation was outside the inputs eligible for Modvat credit under the relevant Rule 57A notification, so the claimed credit was denied. The later explanation in Rule 57B was treated as clarificatory and retrospective, confining the expression "inputs" to goods already specified under Rule 57A. Section 112 of the Finance Act, 2000 was upheld as a valid validating provision because the legislature had competence to remove the defect identified in earlier decisions and retrospectively neutralise the basis of the earlier credit claim. The challenge to the validating provision failed, and the denial of credit was sustained. en-us Wed, 03 Apr 2002 00:00:00 +0530 Wed, 17 Apr 2019 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46766 HSD oil used in a diesel generating set for captive electricity generation was outside the inputs eligible for Modvat credit under the relevant Rule 57A notification, so the claimed credit was denied. The later explanation in Rule 57B was treated as clarificatory and retrospective, confining the expression "inputs" to goods already specified under Rule 57A. Section 112 of the Finance Act, 2000 was upheld as a valid validating provision because the legislature had competence to remove the defect identified in earlier decisions and retrospectively neutralise the basis of the earlier credit claim. The challenge to the validating provision failed, and the denial of credit was sustained. Case-Laws Central Excise Wed, 03 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46766