https://www.taxtmi.com/caselaws?id=470464 Constitution of a Welfare Board and operational statutory machinery are described as conditions precedent to levy and collection of building-workers welfare cess; later implementation may therefore fall within a contractual subsequent-legislation clause where contractors could not have priced an unenforceable cess at bid stage. Retrospective adjustment of cess against an arbitral award is described as impermissible where the contract ended before the cess regime became operative and the issue was not raised in arbitration. The foreign-currency price-adjustment formula is explained as allowing adjustment of 85% of the Euro component only, without a further compounded adjustment. The notes also emphasise limited arbitral review of plausible contractual interpretations. en-us Tue, 20 Jan 2026 00:00:00 +0530 Tue, 28 Jul 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470464 Constitution of a Welfare Board and operational statutory machinery are described as conditions precedent to levy and collection of building-workers welfare cess; later implementation may therefore fall within a contractual subsequent-legislation clause where contractors could not have priced an unenforceable cess at bid stage. Retrospective adjustment of cess against an arbitral award is described as impermissible where the contract ended before the cess regime became operative and the issue was not raised in arbitration. The foreign-currency price-adjustment formula is explained as allowing adjustment of 85% of the Euro component only, without a further compounded adjustment. The notes also emphasise limited arbitral review of plausible contractual interpretations. Case-Laws Indian Laws Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470464