Circular No. 02/2012-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,
 
New Delhi, the 16^th January 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 31^st March 2012, for using re-credited 4% CVD (SAD) amount in DEPB-Regarding.       
                                                  
Sir / Madam,
 

             Your kind attention is invited to the Circular No.30/2011-Customs, dated 19.07.2011, 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 15.09.2011. 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 re-credited DEPB/Reward Scheme scrips within the stipulated time.

 
2.         The matter has been examined 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 31.03.2012. No further extension shall be given under any circumstances.
 
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)