https://www.taxtmi.com/caselaws?id=47222 The Supreme Court set aside the Tribunal's decision allowing Modvat credit of duty paid on HSD oil for electricity generation, citing Section 112 of the Finance Act, 2000. The section restricted the admissibility of such credit for a specific period. The Validation Act, which came into force after the Tribunal's judgment, allowed the Respondent time to comply with the Act without penalty. Consequently, the penalty was not imposed, and the Appeal was disposed of without costs, with the Appellant instructed to inform the party promptly of the Court's decision. en-us Tue, 01 Mar 2005 00:00:00 +0530 Tue, 22 Apr 2014 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47222 The Supreme Court set aside the Tribunal's decision allowing Modvat credit of duty paid on HSD oil for electricity generation, citing Section 112 of the Finance Act, 2000. The section restricted the admissibility of such credit for a specific period. The Validation Act, which came into force after the Tribunal's judgment, allowed the Respondent time to comply with the Act without penalty. Consequently, the penalty was not imposed, and the Appeal was disposed of without costs, with the Appellant instructed to inform the party promptly of the Court's decision. Case-Laws Central Excise Tue, 01 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47222