https://www.taxtmi.com/caselaws?id=52573 Section 112 of the Finance Act, 2000 retrospectively barred Modvat credit on high speed diesel oil for the specified period, notwithstanding any judgment, decree or order of any court or tribunal, and validated the disallowance with consequential interest where payment remained unpaid beyond the prescribed time. The pendency of similar litigation before higher courts did not suspend the provision's operation, especially where no stay order or direct challenge to its validity was shown on record. The provision therefore operated as an overriding validating clause and sustained denial of credit for the covered period. en-us Thu, 16 Oct 2003 00:00:00 +0530 Wed, 06 Oct 2010 15:52:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52573 Section 112 of the Finance Act, 2000 retrospectively barred Modvat credit on high speed diesel oil for the specified period, notwithstanding any judgment, decree or order of any court or tribunal, and validated the disallowance with consequential interest where payment remained unpaid beyond the prescribed time. The pendency of similar litigation before higher courts did not suspend the provision's operation, especially where no stay order or direct challenge to its validity was shown on record. The provision therefore operated as an overriding validating clause and sustained denial of credit for the covered period. Case-Laws Central Excise Thu, 16 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52573