Customs Circular No- 30/2011 dated 19.07.2011
Refund of 4% CVD (SAD)-Extension of time upto 15th September, 2011 for using
re-credited 4% CVD (SAD) amount in DEPB.
Your kind attention is invited to the Circular No.11/2011-Customs, dated
24.02.2011, 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 refunds (SAD) for payment of duty in case of re-credited
DEPB/ Reward Scheme scrips upto 30.06.2011. However several representations have
been received from trade and industry to extend the time limit for using
re-credited 4% CVD (SAD) amount in DEPB as they have not been able to utilize
the reccredited DEPB/Reward Scheme scrips within the stipulated time.
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
scrips/ Reward Scheme scrips in case of 4% CVD (SAD) upto 15.09.2011 with
following conditions:
(a) The extension of utilization of re-credited amount of SAD refund in relevant
scrip is granted for two months i.e. upto 15.09.2011. No further extension shall
be given.
(b) The importers shall utilize re-credited amount of SAD refund in scrips for
payment of CVD and BCD only and not for payment of SAD subsequently.
(c) Commissioners of Customs should ensure that issuance of consolidated
certificate indicating total amount of 4% SAD refund sanctioned is carried out
in time without any delay.
3. A suitable Public Notice and Standing Order may be issued for the guidance of
the trade and staff.
F.No.401/46/2008-Cus.III(Pt.)
Yours faithfully,
(Vikas)
Under Secretary (Customs-III/VI)