Tagged “vested-right”

2 articles on vested-right.

Eicher Motors v. Union of India: when input credit becomes a vested right

On 28 January 1999, a three-judge bench struck down Rule 57-F(4-A) of the Central Excise Rules and held that MODVAT credit, once properly taken on receipt of inputs, becomes an indefeasible vested right that subordinate rule-making cannot extinguish.

Valkya Editorial·1 Jun 2026·11 min

Landmark JudgmentGujarat High Court; Supreme Court of India

Filco Trade Centre: rescuing transitional credit

On 22 July 2022, a two-judge Supreme Court bench directed GSTN to reopen the common portal for two months, allowing every aggrieved taxpayer to file or revise TRAN-1 and TRAN-2 to carry forward pre-GST credit.

Valkya Editorial·1 Jun 2026·10 min