Customs Circular No. 11/2011 dated 24/02/2011
Refund of 4% CVD (SAD)-Extension of time upto 30th June, 2011 for using
re-credited 4% CVD (SAD) amount in DEPB.
Your kind attention is invited to the Circular No.27/2010-Customs, dated
13.08.2010 regarding procedure on refund of 4% CVD (SAD). The above Circular
provides the facility of manual filing of Bill of Entry for utilizing the amount
of re-credited 4% CVD (SAD) refunds for payment of duty in case of re-credited
DEPB / Reward Scheme scrips upto 30.12.2010. However several representations
have been received from trade and industry to extend the time upto 30th June,
2011 for using re-credited 4% CVD (SAD) amount in DEPB as they have not been
able to utilize the re-credited DEPB / Reward Scheme scrips within the
2. The matter has been examined in consultation with Ministry of Commerce.
Accordingly, it has been decided to extend time limit for using re-credited DEPB
/ Reward Scheme scrips in case of 4% CVD (SAD) upto 30th June, 2011.
3. A suitable Public Notice and Standing Order may be issued for the guidance of
the trade and staff.
Under Secretary (Customs-III/VI)