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of <h1>Finance Bill 2010 amends CENVAT Credit Rule 6, mandates retrospective payments with 24% interest for 2001-2002 disputes.</h1> Clause 70 of the Finance Bill, 2010 amends rule 6 of the CENVAT Credit Rules, 2001, retrospectively, as specified in the Sixth Schedule. It mandates manufacturers to pay an amount equal to the CENVAT credit for inputs used in producing exempted goods, with 24% annual interest. This amendment applies to disputes over credit adjustments for the period from July 1, 2001, to February 28, 2002. Manufacturers must submit payment, interest, and certification from an accountant within six months of the Bill's presidential assent. The Commissioner of Central Excise will verify payments and demand any shortfall with interest.
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