2017 (1) TMI 1473 - SCH - Central Excise

Lapsing of credit of duty lying unutilised with the manufacturer from a specified date - the decision in the case of M/s SML Isuzu Ltd. & Anr. V.E. Commercial Vehicle Ltd. & Anr. Versus Union of India & Anr 2016 (7) TMI 1074 - DELHI HIGH COURT contested where it was held that Scope of judicial review in respect of fiscal legislation is limited to the extent of determining whether it is outside the legislative competence of the legislature to enact such legislation and/or whether such enactment is so unreasonable and irrational so as to violate the rights guaranteed under the Constitution - Held that - the decision in the above case upheld - SLP dismissed.

Summary

Supreme Court dismissed special leave petitions after condoning delay. Case citation: 2017 (1) TMI 1473 - SC. Judges: Mr. Madan B. Lokur and Mr. Prafulla C. Pant.