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of <h1>Finance Bill 2010: Amendments to Central Excise Act, CENVAT Credit Rules; Clarifies Penalties, Record-Keeping, and Settlement Processes</h1> The Finance Bill, 2010 proposes several amendments to the Central Excise Act and related rules. Clause 63 clarifies that no penalty applies to voluntary duty short-payments under section 11A. Clause 64 modifies section 32E regarding record-keeping requirements. Clause 65 allows the Settlement Commission to extend deadlines. Clause 66 revises section 32-O to permit settlement applications except in specified cases. Clause 67 empowers the government to impose restrictions to prevent duty evasion. Clauses 68-72 address retrospective amendments to CENVAT Credit Rules, requiring manufacturers to pay amounts equal to CENVAT credit with interest for disputes from 1996 to 2008. Clause 73 updates language in rule 5 of the CENVAT Credit Rules, 2004.
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