CENVAT credit transfer timelines set with a fixed window and conditional extension to regulate inter unit credit movement. The amendment excludes banking companies and financial institutions, including non banking financial companies engaged in providing deposits, loans or advances, from the operation of the specified clause in Explanation I to rule 6(3D). It further inserts a provision in rule 10 permitting transfer of CENVAT credit within three months from receipt of the application by the Deputy or Assistant Commissioner, subject to sub rule (3), with a discretionary extension by the Principal Commissioner or Commissioner for a further period not exceeding six months on sufficient cause and recorded reasons.