Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
Circular No.10/2012-Customs
North Block, Room No. 253-A,
New Delhi, the 29th March 2012.
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 June 2012, for using re-credited 4% CVD (SAD) amount in
DEPB-Regarding.
Sir / Madam,
Your kind attention is invited to the
Circular No.02/2012-Customs, dated
16-02-2012, 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 31-03-2012.
- 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% CVD (SAD) upto
30-06-2012.
- 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 30-04-2012. The Chief Commissioner may constitute a special
team to liquidate these refund claims. The report in this regard should be
sent to Board by 04-05-2012.
- 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% CVD 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.
- 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.401/16/2012-Cus.III