Retrospective amendment to CENVAT credit requires payment of input credit attributable to exempted goods with interest and verification.

Amendment provides for a retrospective amendment of rule 6 of the CENVAT Credit Rules, 2001 requiring manufacturers to pay an amount equal to CENVAT credit attributable to inputs used in or in relation to manufacture of exempted goods with interest; it prescribes an application and certification process to the Commissioner, verification of payment, payment of any differential with interest, validation of past actions during the retrospective period, and a declaration that no act or omission shall be punishable if it would not have been punishable but for this provision.

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