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DGFT Public Notice No 105 Dt 27/03/12

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..... Dear Sir, Kindly give details of DGFT Public Notice No 105 Dt 27/03/12. - Reply By Pradeep Khatri - The Reply = What is this trade all about? Is it a trade notice or notification as I could not findout any such information. Please clarify. - Reply By Pradeep Khatri - The Reply = It's a Public Notice not the Trade notice and it's about Procedure for refund / revalidation of DEPBs/ .....

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..... Reward Scrips for re-credit of 4% CVD (SAD). PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 105 / 2009-14(RE 2010) NEW DELHI: the 27 th March, 2012 Subject: Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD) .....

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..... . 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 .....

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..... 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 .....

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..... 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 revalidati .....

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..... on. Sd/- (Anup K. Pujari) Director General of Foreign Trade and E-mail: [email protected] (Issued from File. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4) - Reply By Avinash Bhavsar - The Reply = Dear Pradeep Sir, Sorry Sir I made mistake, Thanks for reply Avinash Bhavsar - DGFT Public Notice No 105 Dt 27/03/12 - Quer .....

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..... y Started By: - Avinash Bhavsar Dated:- 10-6-2012 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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