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of <h1>Clause 69 Amends Rule 57AD: Manufacturers Must Repay CENVAT Credit with 24% Interest for 2000-2001 Exempted Goods</h1> Clause 69 of the Finance Bill, 2010 amends rule 57AD of the Central Excise Rules, 1944, with retrospective effect, impacting the period from April 1, 2000, to June 30, 2001. It mandates manufacturers to pay an amount equivalent to the CENVAT credit for inputs used in manufacturing exempted goods, along with 24% annual interest. Manufacturers must apply to the Commissioner of Central Excise with necessary documentation within six months of the Bill's enactment. The Commissioner will verify payments, and any shortfall must be settled within ten days of notification. The amendment validates past actions as if the amendment had always been in effect.
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