Refund of 4% CVD (SAD)-Extension of time upto 15th September, 2011 for using re-credited 4% CVD (SAD) amount in DEPB. Refund of 4% CVD (SAD)-Extension of time upto 15th September, 2011 for using re-credited 4% CVD (SAD) amount in DEPB. Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Latest Circulars »

Open DEMAT Account in 24 hrs
Auction of State Government Securities Feb 23, 2024
RBI imposes monetary penalty on The Adinath Co-Operative Bank Limited, Dist. Surat, Gujarat
The Relevance of SEACEN in a Turbulent World (Closing remarks by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - February 15, 2024 - at the 59th SEACEN Governors' Conference
Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024
Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - HCBL Co-operative Bank Ltd., Lucknow (U.P.)
Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024
Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District Extension of Period
Reserve Bank of India (Government Securities Lending) Directions, 2023
Building resilient brand India amidst global uncertainty (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - December 28, 2023 - at the 10th SBI Banking and Economic Conclave in Mumbai)
Trade Credit for imports into India Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS)
Minutes of the Monetary Policy Committee Meeting, December 6 to 8, 2023


« Export warehousing –Extension of facility at Tijara Tehsil...	GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF... »
Refund of 4% CVD (SAD)-Extension of time upto 15th September, 2011 for using re-credited 4% CVD (SAD) amount in DEPB.

July, 22nd 2011
Circular No.30/2011-Customs F.No.401/46/2008-Cus.III(Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs North Block, Room No. 253-A, 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 15^th September, 2011 for using re-credited 4% CVD (SAD) amount in DEPB. Sir / Madam, 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. Yours faithfully, (Vikas) Under Secretary (Customs-III/VI)