Regarding refund of 4% CVD (SAD)-Extension of time upto 31st March 2012, for using re-credited 4% CVD (SAD) amount in DEPB
January, 20th 2012
Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
North Block, Room No. 253-A,
New Delhi, the 16thJanuary 2012.
All Chief Commissioners of Customs/Customs (Prev.),
All Chief Commissioners of Customs & Central Excise,
All Commissioners of Customs/Customs (Prev.),
All Commissioners of Customs & Central Excise.
Subject:-Refund of 4% CVD (SAD)-Extension of time upto 31stMarch 2012,forusing re-credited 4%CVD (SAD)amount in DEPB-Regarding.
Sir / Madam,
Your kind attention is invited to theCircular No.30/2011-Customs, dated 19.07.2011,regarding procedure on refund of 4%CVD (SAD).The above Circular provides the facility ofmanual filing of Bill of Entry for utilizing the amount of re-credited 4% CVD refunds (SAD) for payment of dutyin case ofre-credited DEPB/ Reward Scheme scrips upto 15.09.2011. However several representations have been received from trade and industry to extend thetime limit 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 andit has been decided to extendtime limit for using re-credited DEPB scrips/ Reward Scheme scrips in case of 4%CVD (SAD)upto31.03.2012.No further extension shall be given under any circumstances.
3.A suitable Public Notice and Standing Order may be issued for the guidance of the trade and staff.