https://www.taxtmi.com/caselaws?id=47459 Section 112 of the Finance Act, 2000 was upheld as a valid validating law because Parliament had competence to enact it and the provision retrospectively removed the basis of the earlier Modvat credit claim on high speed diesel oil. The Court held that the withdrawal of the concession applied uniformly to manufacturers using that input for electricity generation and therefore amounted to a reasonable classification, not hostile discrimination. The retrospective denial of credit was sustained notwithstanding prior rules, notifications, judgments, decrees or orders, and the Article 14 challenge failed. en-us Fri, 11 Nov 2005 00:00:00 +0530 Wed, 28 Jul 2010 18:45:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47459 Section 112 of the Finance Act, 2000 was upheld as a valid validating law because Parliament had competence to enact it and the provision retrospectively removed the basis of the earlier Modvat credit claim on high speed diesel oil. The Court held that the withdrawal of the concession applied uniformly to manufacturers using that input for electricity generation and therefore amounted to a reasonable classification, not hostile discrimination. The retrospective denial of credit was sustained notwithstanding prior rules, notifications, judgments, decrees or orders, and the Article 14 challenge failed. Case-Laws Central Excise Fri, 11 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47459