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of <h1>Finance Bill 2011: Retrospective Changes to Excise Act Notifications, Investment Deadlines, and Duty Recovery Explained</h1> Clause 69 of the Finance Bill, 2011 amends certain government notifications under section 5A of the Central Excise Act, 1944, with retrospective effect. These amendments affect notifications G.S.R. 679(E), G.S.R. 60(E), and G.S.R. 419(E), altering investment timelines and appraisal processes for manufacturers in specified states. Manufacturers must submit investment details to the Investment Appraisal Committee within six months of the Bill's enactment. Unutilized escrow funds by December 31, 2012, will be forfeited to the Central Government. The clause also outlines procedures for duty recovery and prohibits legal proceedings related to these notifications.
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