Refund of 4% CVD (SAD)-Extension of time upto 31st March 2012, for using re-credited 4% CVD (SAD) amount in DEPB-Regarding. - Customs - 02/2012

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)