2015 (8) TMI 1377 - SCH - Central Excise

Validity of N/N. 14/1997-C.E. (N.T.), dated 3-5-1997 - restricting the Modvat credit to 10% of the Excise duty as provided in the said notification dated 3-5-1997, is ultra vires the rule making powers under Sections 37(xvi) and (xvia) of the Central Excise Act, 1944 - the decision in the case of Gujarat Narmada Valley Fertilizer Co. Ltd. Versus Union of India 2012 (12) TMI 1117 - GUJARAT HIGH COURT contested - Held that - there is no reason to entertain the petition - petition dismissed - decided against petitioner.

Summary

The Supreme Court dismissed the special leave petition without giving any reason. Pending applications were disposed of, and the question of law was left open.