Powered by InfodriveIndia.com

Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD)., DGFT Public Notice No.105/(RE 2010)/2009-14, 27-03-2012


Date: 27-03-2012
Notification No: DGFT Public Notice No.105/(RE 2010)/2009-14
Issuing Authority: DGFT  
Type: Public Notice
File No: File. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4
Subject: Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD).

GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE

PUBLIC NOTICE No. 105 / 2009-14(RE 2010)

NEW DELHI: the 27th March, 2012

Subject: Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD).

In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby replaces Paragraph 2.13.2A of the Handbook of Procedures (Vol.1), 2009-14 by the following:-

“Only for the purpose of utilisation of re-credit of 4% Special Additional Duty (SAD) of customs, the freely transferable duty credit scrips (including DEPB), shall be deemed to have been revalidated till 30.6.2012. No further endorsement of such scrips by the respective RA shall be required under the following circumstances:-

(i) if the endorsement has been made by Regional Authority on or before 15.9.2011 but the re-credit remains unutilised;

Or

(ii) if the consolidated certificate (Credit Note) have been issued by Customs between 1.9.2011 to 30.4.2012. In such scrips, the amount indicated in the consolidated certificate by customs shall be deemed to have been recredited.”

Effect of Public Notice:

This will reduce the transaction cost and procedural burden as it will facilitate utilisation of re-credit without requiring it to be presented to RA of DGFT for an endorsement of revalidation.

Sd/-
(Anup K. Pujari)
Director General of Foreign Trade and
E-mail: dgft@nic.in
(Issued from File. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4)

       


Enquiry Form

Fields marked with an asterisk * are required.

 




What is New?

Date: 30-01-2015
Customs Notification No 15/2015 (NT)
Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

Date: 30-01-2015
Customs Notification No 16/2015 (NT)
Amends Notification No. 09/2015-Customs (N.T.), dated the 15th January, 2015

Date: 30-01-2015
Central Excise Notification No 04/2015
Seeks to further amend notification No. 12/2012 - Central Excise dated 17/03/2012

Date: 28-01-2015
RBI/2014-15/432 A.P. (DIR Series) Circular No.67
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Cross Border Inward Remittance under Money Transfer Service Scheme

Date: 28-01-2015
RBI/2014-15/433 A.P.(DIR Series) Circular No.68
Anti-Money Laundering (AML) standards/Combating the Financing of Terrorism (CFT) Standards - Money changing activities

Date: 28-01-2015
Customs Circular No 05/2015
Regarding Collection of anti-dumping duty beyond the validity period

Date: 27-01-2015
Customs Notification No 13/2015 (NT)
Amends Notification No. 09/2015-Customs (N.T.), dated the 15th January, 2015

Date: 27-01-2015
RBI/2014-15/428 A.P. (DIR Series) Circular No.65
Exim Bank's Line of Credit of USD 22.50 million to the Government of the Republic of Gambia

Date: 27-01-2015
RBI/2014-15/429 A.P. (DIR Series) Circular No.66
Exim Bank's Line of Credit of USD 100 million to the Government of the Federal Republic of Nigeria

Date: 23-01-2015
RBI/2014-15/425 A.P. (DIR Series) Circular No.64
External Commercial Borrowings (ECB) Policy – Simplification of Procedure