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
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
/ 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.
F.No.401/46/2008-Cus.III(Pt.)
Yours faithfully,
(Vikas)
Under Secretary (Customs-III/VI)