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of <h1>Finance Act 2010 amends Rule 6 of CENVAT Credit Rules; new sub-rule allows credit adjustments with 24% interest.</h1> The Eighth Schedule of the Finance Act, 2010, amends Rule 6 of the CENVAT Credit Rules, 2004, by introducing a new sub-rule (7). This sub-rule addresses disputes over credit adjustments for inputs or input services used in exempted final products from September 10, 2004, to March 31, 2008. It allows manufacturers using CENVAT credit for both taxable and exempted goods to pay an amount equivalent to the credit attributable to inputs or services used for exempted goods. Manufacturers must pay interest at 24% per annum from the due date until payment. The due date is the 5th day of the month following the clearance of goods.
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