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of <h1>Amendment to Rule 57AD allows manufacturers to settle credit disputes for inputs in exempted goods with 24% interest.</h1> The Fifth Schedule of the Finance Act, 2010 amends Rule 57AD of the Central Excise Rules, 1944. It introduces a new sub-rule addressing disputes over credit adjustments for inputs used in exempted final products from April 1, 2000, to June 30, 2001. Manufacturers using CENVAT credit for inputs, excluding fuel, in both dutiable and exempted products can pay an amount equal to the credit for inputs used in exempted goods. This payment can occur before or after clearance, with a 24% annual interest from the clearance date until payment.
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