Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Circular No.30/2011-Customs
North Block, Room No. 253-A,
New Delhi, the19th July, 2011.
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 15th 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.
- 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:
- 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.
- 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.
- 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.
- 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)
F.No.401/46/2008-Cus.III(Pt.)