Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARDS
 
 
« Latest Circulars »
 RBI-Time running out for RBI rate cuts
 Monitoring of Foreign Investment under PIS in Indian Companies– M/s Indraprastha Gas Limited-
  Master Direction - Lending to Micro, Small & Medium Enterprises (MSME) Sector
 Auction of Government of India Dated Securities July 24, 2017
 RBI to conduct 7 day Variable Rate Reverse Repo Auction under LAF on July 24, 2017
 Results of Underwriting Auctions Conducted on July 20, 2017
 Master Circular – Detection and Impounding of Counterfeit Notes
 Monitoring of Foreign Investment under PIS in Indian Companies – M/s The Byke Hospitality Limited - 1. Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24% to 40% Removal from the FIIs/ FPIs Caution List
 RBI's Monthly Bulletin for July 2017
 Financial Action Task Force (FATF) Public Statement dated June 23, 2017
 All-India House Price Index (HPI) recorded marginal increase in Q4:2016-17

Regarding refund of 4% CVD (SAD)-Extension of time upto 30th September 2013, for using re-credited 4% CVD (SAD) amount in DEPB
May, 02nd 2013
                                                       Circular No. 18 /2013-Customs

                               F.No.401/16/2012-Cus.III
                                  Government of India
                                   Ministry of Finance
                                Department of Revenue
                          Central Board of Excise and Customs

                                                         North Block, Room No. 253-A,
                                                         New Delhi, the 29th April 2013.
To,

      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 30th September 2013, for
           using re-credited 4% CVD (SAD) amount in DEPB-Regarding.

Sir / Madam,




       Your kind attention is invited to the Circular No.27/2010-Customs, dated
13.08.2010, regarding procedure on refund of 4% Special Additional Duty (SAD). The
above Circular provides the facility of manual filing of Bill of Entry for utilizing the
amount of re-credited 4% SAD refunds for payment of duty in case of re-credited
DEPB/ Reward Scheme scrips upto 31-03-2012. Circular No. 10/2012-Customs dated
29.03.2012 further extended the time upto 30.06.2012 utilizing the amount of re-
credited 4% SAD refunds for payment of duty in case of re-credited DEPB/ Reward
Scheme scrips.

2.     References have been received from trade in the Board that importers have not
been able to utilize the re-credited amount of 4% SAD. The matter has been examined
in consultation with Director General of Foreign Trade (DGFT) and it has been decided
to extend time limit for using re-credited DEPB scrips/ Reward Scheme scrips in case of
4% SAD upto 30.09.2013.

3.     Board also directs all Chief Commissioner of Customs to ensure that all pending
application for refund of 4% SAD paid through DEPB/reward scrips are disposed of by
30-06-2013. The Chief Commissioner may constitute a special team to liquidate these
refund claims. The report in this regard should be sent to Board by 04-07-2013.

4.    Board also reiterates Para 8 of Board's Circular No. 27/2010 -Customs, dated
13-08-2010 wherein it was mentioned that in the interest of ensuring expeditious grant
of refund of 4% SAD, the importers may be advised to make the initial payment of 4%
SAD in cash. DGFT has also informed that no re-crediting shall be done if such
payment is made by means of scrips. In other words, in future exporters should pay
SAD component in cash if they want a refund.




5.     It is emphasized that this is the final extension of time limit for reusing re-
credited DEPB Scrips/Reward Scheme Scrips.

6.     A suitable Public Notice and Standing Order may be issued for the guidance of
the trade and staff.

                                                                      Yours faithfully,


                                                                      (S.C.Ganger)
                                                    Under Secretary (Customs-III/VI)
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions