Wait...
  1. Home >
  2. Notifications >
  3. DGFT >
  4. Circular >
  5. Additional Duty >
  6. Import Export Data, Export Import shipment data from Customs

Online Export Import Data Search

Complete Training Video : Click Here

Date: 08-10-2010
Notification No: DGFT Policy Circular No 2(RE-2010)/2009-14
Issuing Authority: DGFT  
Type: Circular
File No: F. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4
Subject: Clarification on the procedure to re-credit 4% Special Additional Duty (SAD) of Customs in DEPB, VKGUY, FPS FMS,MLFPS scrips –regarding.

Government of India
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan, New Delhi – 110 011

Policy Circular No. 02 /2009-2014 (RE 2010)

Dated: 8th October, 2010.

To
All Regional Authorities (RAs);
All Commissioners of Customs;
Exporting Community.

Subject: Clarification on the procedure to re-credit 4% Special Additional Duty (SAD) of Customs in DEPB, VKGUY, FPS, FMS, MLFPS scrips – regarding.

Attention is invited to Policy Circular No. 22 dated 3.2.2010 wherein the detailed procedure for re-credit of 4% Special Additional Duty (SAD) in the Duty credit scrip was laid down. It was stated therein that “in case the validity of the scrip is less than 6 months on the date of submission of request to the RA, the scrip may be revalidated for 6 months from the date of endorsement for utilization of the re-credit amount so allowed by the RA.”

  1. Representations have been received from Trade and Industry that re-credit and revalidation of the scrips is not being allowed in cases where validity of the scrips submitted for such re-credit may have expired on or before the date of submission of the request to the Regional Authority.

  2. Intention of the aforesaid provision for revalidation is to allow the utilization of the re-credited amount. Hence, it is clarified that the validity of the re-credited scrips shall be six months from the date of endorsement by Regional Authorities or the original validity of the duty credit scrip, whichever is later. This revalidation shall be irrespective of the fact as to whether the scrip has expired on or before the date of submission of the scrip to the Regional Authority. All the Regional Authorities shall take appropriate action accordingly.

  3. Any difficulty in implementation of the aforesaid guidelines shall be brought to the notice of this Directorate immediately.

This issues with the approval of DGFT.

Sd/-
(Tapan Mazumder)
Joint Director General of Foreign Trade
Telefax: 011-23061050
E-mail: [email protected]
(Issued from F. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4)

       

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+




Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001